This will be the largest fund-raising round by Bigtree Entertainment Pvt. Ltd, which operates BookMyShow. Reliance unit Network 18 is the largest shareholder with a 37% stake.
KKR is in advanced negotiations to invest ₹2,087-2,505 crore ($250-300 million) for a significant minority stake in Reliance Industries Ltd-backed BookMyShow (BMS) through a secondary share sale by existing financial investors, said people with knowledge of the matter.
India Business News: Private equity firm KKR is in advanced negotiations to invest up to $300 million in Reliance Industries-backed BookMyShow, according to a report. The investment highlights the positive turnaround of BookMyShow after facing challenges during the Covid-19 pandemic.