Below is the Views On KKR's Investment in Reliance Jio by Mr. Deepak Jasani, Head Retail Research, HDFC Securities
The fifth stake sale in Jio Platforms by Reliance Industries will mean a total stake dilution of 17.12% for Rs78,562 cr. This will help Reliance to reach debt-free status soon. A range of diverse marquee investors lining up to take small stakes speaks volumes about the business model and promoters’ capabilities. Ideally Reliance may halt after stake sale of upto a max of 24.99% in Jio Platforms over the next few weeks.
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