Friday, 24 March, 2023

ADIA invests INR 5,683 cr in Reliance Jio; buys 1.16% stake

<p>ADIA has invested Rs 5,693 cr in Jio Platforms acquiring 1.16% stake in the Indian telecom firm. This is the eight investment in less than seven weeks bagged by Jio Platforms. RIL has now sold 21% of Jio&rsquo;s stake, raising INR 97,885.65 crore. This investment translates into Rs 4.91 L crore equity stake, Rs 5.16 L crore enterprise stake. Till now, Facebook, KKR, Silver Lake (twice) etc have purchased stakes in Jio with Facebook&rsquo;s share being the highest &ndash; 9.99%.</p>