Telecom company Reliance Jio has once again got investors. This is the seventh foreign company ADIA after six foreign companies, including Facebook.
The Abu Dhabi Investment Authority (ADIA) has also decided to invest in Jio platforms. The company will invest Rs 5,683.50 crore for a 1.16 percent stake in Jio Platforms. Seven companies have invested thousands of crores so far since the lockdown in Reliance Industries’ digital platform Jio Company. In fact, in Reliance’s Jio, Silver Lake Partners announced to invest Rs 4,546.80 crore for an additional 0.93 per cent stake. Also in early May, Silver Lake reinvested Rs 5,655.75 crore for a 1.15 percent stake. On Friday, Abu Dhabi-based investment company Mubadala bought 1.85 percent stake in Jio for Rs 9,093.60 crore. Now the Abu Dhabi Investment Authority ADIA has invested Rs 5683 crore showing its interest in the Jio platform. Due to this, the value of Reliance stock is also increasing rapidly. Continuing the trend of foreign companies towards Reliance Jio.
Reliance Jio’s total investment of Rs 97,886 crore came from lockdown
So far, in 7 days, 7 foreign companies have invested Rs 97,885.65 crore in Jio Platforms by taking a 21.06 stake. The investment was launched by social networking site Facebook Company on 22 April. This was followed by additional investments by Silver Lake, Vista Equity, General Atlantic, KKR, Mubadla and Silver Lake. Hamad Shahwan Aldaheri, executive director of the private equity division at ADIA said, Jio platforms are at the forefront of India’s digital revolution.