Reliance Industries says KKR to invest $1.5 billion in digital unitReliance Industries says KKR to invest $1.5 billion in digital unit
A woman checks her mobile phone as she walks past a mobile store of Reliance Industries’ Jio telecoms unit in Mumbai

NEW DELHI (Reuters) – Indian oil-to-telecoms conglomerate Reliance Industries said on Friday U.S. private equity firm KKR will buy 2.32% of its digital unit Jio Platforms for 113.67 billion rupees ($1.50 billion).

Jio Platforms, which houses Reliance’s digital businesses, including its telecoms venture Jio Infocomm, has now won a total of 785.62 billion rupees from marquee investors including Facebook Inc, General Atlantic, Silverlake and Vista Equity Partners in just a month.

(Reporting by Sankalp Phartiyal; Editing by Muralikumar Anantharaman)