The decision by ADIA, a globally-diversified investment institution, in exchange for a 1.16 percent stake, is an unprecedented eighth investment in Jio Platforms in less than seven weeks and marks the largest continuous fundraising action by a company anywhere in the world. RIL, the oil-to-retail-to-telecom conglomerate, has now sold a little over 21 percent stake in Jio Platforms through a flurry of fundraising deals and raised as much as Rs 97,885.65 crore, or $12.96 billion. … [Read more...] about Reliance Jio: Abu Dhabi Investment Authority new investor in Jio Platforms as RIL unit raises total of nearly Rs 1 lakh crore
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Abu Dhabi fund Mubadala to invest Rs 9,093 crore in Jio, 6th mega deal in 6 weeks for RIL unit
Abu Dhabi sovereign fund Mubadala Investment Company will inject Rs 9,093.6 crore in Jio Platforms in exchange for 1.85 percent, the sixth investment in the RIL digital unit in as many weeks and underscoring its standing as an irresistible lodestar for some of the world’s biggest tech companies and investors. … [Read more...] about Abu Dhabi fund Mubadala to invest Rs 9,093 crore in Jio, 6th mega deal in 6 weeks for RIL unit
