US Equity firm KKR to invest Rs 11000 crore in Jio

Jio continues to attract exchange from across the world in exchange for a stake. The latest in the list is US private equity firm KKR. The company will be investing Rs 11367 crore in exchange for 2.32% stake in the company. Earlier, Facebook and another private equity firm Silver Lake have also invested in the Mukesh Ambani run telecom giant in exchange for stake in the company. These sales are seen as Jio's bid to become free of any loan by the end of financial year.