InvestorQ : How close is Abu Dhabi also to taking a stake in Jio Platforms?
ishika Banerjee made post

How close is Abu Dhabi also to taking a stake in Jio Platforms?

Answer
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Niti Shenoi answered.
4 months ago


The sovereign fund of Abu Dhabi has been in talks with RIL to pick up a stake in Jio Platforms for a consideration of $1 billion for some time now. Now, the Abu Dhabi state fund, Mubadala Investment Company, could invest up to $1 billion. Jio Platforms has already secured a massive $10 billion from investors in a month with deals with Mubadala and Microsoft nearing fruition. Jio Platforms is attracting a wide range of world-class investors, given its enormous potential.