KKR Invests $1.5 Billion in Reliance’s Jio Platforms In Biggest Deal In Asia

KKR & Co. ( KKR ) said it will inject $1.5 billion in Reliance Industries’ Jio Platforms Ltd., its biggest investment in Asia. As result of the transaction, which is still subject to regulatory approvals, KKR will own a 2.32% equity stake in Jio Platforms on a fully diluted basis.