InvestorQ : How soon are the other sovereign funds likely to take a stake in Reliance’s Jio Platforms?
Mary Joseph made post

How soon are the other sovereign funds likely to take a stake in Reliance’s Jio Platforms?

Answer
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sara Kunju answered.
4 months ago


There are reports that 3 of the largest West Asian sovereign wealth funds may be seriously looking at a stake in Jio Platforms, the digital arm of Reliance Group. The company is just about in the midst of concluding its rights issue worth Rs.53,100 crore. After getting marquee investors like KKR, Vista Equity, Silver Lakes and General Atlantic, there may now be some more sovereign funds from West Asia who could be look at a stake in Jio Platforms. It is reported that Abu Dhabi’s Mubadala Investment is nearing a deal to invest about $1 billion into Jio Platforms as also is the Abu Dhabi Investment Authority (ADIA). One of the richest sovereign funds, the Saudi Arabia Public Investment Fund is also a candidate for investing in Jio Platforms. Jio Platforms already hived off 17.5% stake to global investors at an overall valuation of $65 billion.