KKR to invest $1.5B in Reliance Jio for a 2.32% stake; this is Reliance Jio's fifth major raise in just as many weeks (Manish Singh/TechCrunch)

KKR to invest $1.5B in Reliance Jio for a 2.32% stake; this is Reliance Jio's fifth major raise in just as many weeks (Manish Singh/TechCrunch)

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Manish Singh / TechCrunch:

KKR to invest $1.5B in Reliance Jio for a 2.32% stake; this is Reliance Jio’s fifth major raise in just as many weeks  —  Mukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major investment in the top Indian telecom firm in just as many weeks.

KKR to invest .5B in Reliance Jio for a 2.32% stake; this is Reliance Jio's fifth major raise in just as many weeks (Manish Singh/TechCrunch)
Source: Tech Meme