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KKR Invests $1.5 Billion Into India’s Jio

By
Shai Oster
· · Source: The Information

Private equity firm KKR invested $1.5 billion into Jio Platforms, joining Facebook and Silver Lake Partners as the latest firm to invest in the digital arm of Indian conglomerate Reliance Industries. In the past few weeks, Reliance founder Mukesh Ambani has raised some $9 billion for Jio, which has $20 billion in debt related to the costs of building out India’s biggest cellular phone network. ...

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