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ADIA acquires 1.16% stake in Reliance Jio for Rs 5683 crore

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The list of foreign investors investing in Jio platforms of Reliance Industries Limited (RIL) is getting longer. On Sunday (June 7), the company received the eighth largest company Abu Dhabi Investment Authority (ADIA) in the seventh week, which has announced an investment of Rs 5,683.50 crore in Jio Platforms for 1.16% equity. ADIA has valued the equity value of Jio platforms at Rs 4.91 lakh crore.

The process of investment in Jio Platforms was not stopped. So far eight major investors have invested a total of Rs 97,885.65 crore for a total of 21.06% equity in Jio platforms. First Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic, KKR, Mubadla Investment, Silver Lake and now ADIA companies have announced to invest in Jio platform.

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Jio Platforms is a wholly owned entity of Reliance Industries Limited. The next generation technology company is aiming to make the country grow into a digital society. For this, Jio’s flagship digital app, Digital Ecosystem and is working to bring together the country’s number one high-speed connectivity platform. Reliance Jio Infocomm Limited, which has 388 million subscribers, will remain a wholly owned entity of Jio Platforms Limited.

Speaking on the occasion, Mukesh Ambani, Chairman and Managing Director of Reliance Industries said, “I am delighted that ADIA, with its track record of successful investments in the world for over four decades, has led India to digital leadership and inclusive growth opportunities.” Is partnering with Jio Platforms in its mission to generate. This investment is a strong endorsement of our strategy and reflects India’s potential. ”

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