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Thursday, May 21, 2020

'KKR to invest Rs 11k cr into Jio Platforms'

Jio Platforms has raised Rs 11,367 crore or $1.5 billion from US private equity firm KKR as the latest infusion will take the total capital raised by Mukesh Ambani’s telecom and digital services venture to about Rs 78,562 crore or $10.3 billion. The deal will give KKR, which has invested through its Asia and technology funds in the deal, a 2.32% stake.

from Times of India https://ift.tt/36s0uXx

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BJP’s Rajya Sabha strength falls below 100; may rise soon

A month after touching the mark of 100 seats for the first time in Rajya Sabha, BJP’s numerical strength has come down to 95 as five of its ...