2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which company invests Rs 11367 crore in Reliance Jio Platforms to buy a stake of 2.32 percent in a fully diluted basis?
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Microsoft
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Nvidia
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DocuSign
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KKR
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Explanation:
Detailed explanation-1: -Reliance Industries said on Friday that KKR, a US-based private equity firm, will invest ₹ 11, 367 crore to buy a 2.3 per cent stake in Jio Platforms.
Detailed explanation-2: -Early this year, KKR invested Rs 11, 367 crore in Jio Platforms, making this KKR’s second investment in a subsidiary of Reliance Industries. Global investment firm KKR will invest Rs 5, 550 crore into Reliance Retail ventures Limited, a subsidiary of Reliance Industries Limited, RRVL said.
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