Technology

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)

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.