In its second investment from Abu Dhabi, Jio Platforms has raised ₹5,683 crore (~US$751.7 million) from the Abu Dhabi Investment Authority (ADIA), giving the sovereign fund a 1.16% equity stake. Its previous investment from the UAE was from Mubadala, a ₹9,093.60 crore (~US$1.2 billion) investment for 1.85% equity announced just last week. Both ADIA and Mubadala are mostly state-owned investment funds, giving investors from Abu Dhabi a 3.01% stake in Jio Platforms. This continues the staggering investment demand Jio Platform has been generating over the past few weeks; the company's investments in the last couple months alone now amount to ₹97,885.65 crore (~US$13 billion). On June 5, Silver Lake, a Menlo Park-based investment firm, had announced, alongside Mubadala, a combined investment of ₹10,202.55 crore (US$1.34 billion) (more than half of which it announced earlier on May 4). Large investors have been lining…
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