KKR & Co. Inc. [NYSE: KKR] confirmed it has planned the investment of $1.5 billion in Indian Reliance Industries Ltd.‘s Jio Platforms at a valuation of $65 billion. Before Facebook Inc. [NASDAQ: FB] declared the $5.7 billion investment in Jio Platform for the 9.9% stakes in Jio. This investment will give a 2.32% stake in Jio on a fully diluted basis.

Billionaire Mukesh Ambani  is the owner of Jio Platforms. Its unit Infocomm Ltd. is the provider of voice service on its 4G network. It has gathered over 388 million 4G users since its start in 2016.

KKR followed the major US investors  in its contribution to Jio. These firms’ investment comprises $5.7 billion from FB, $1.5 billion from Vista Equity Partner, and $748 million from Silver Lake, $871 million from General Atlantic,

Jio platform is presently functioning in the digital sectors other than telecom & internet service. Jio has earlier increased $10.35 billion by dumping its shares to remote stakeholders. Mukesh said that the Jio  was looking ahead to use KKR’s competency & knowledge of market to further raise Jio.

KKR stocks plummeted -0.04 and plunged -0.15% at $26.55 during the pre-market trading session. It had a trading volume of roughly 1,905,673 and a 3-months average volume of 4,797,488. KKR has a total market capitalization of 22.438 billion. It has a day low range of 26.25 and a day high range of 26.82.

KKR has a 52-weeks low and high range of 15.55-34.14, respectively. It has decreased -22.23% from its 52-week high and increased 70.74% from its 52-week low. KKR has a profit margin of -0.90%. It has a return on Investment (ROI) of 2.10%, return on equity (ROE) of -0.20% and return on assets (ROA) of 0.00%.

Jio Platforms is considered as the new technological leader in India. It can provide technological solutions to countries.