Reliance Industries Ltd (RIL) and Jio Platforms Ltd (Jio Platforms), India’s main digital offerings platform, has introduced an investment of Rs. Five,683.50 crore by a completely owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
This investment values Jio Platforms at an equity fee of Rs. Four.91 lakh crore and an company cost of Rs. Five.16 lakh crore. ADIA’s funding will translate into a 1.16% equity stake in Jio Platforms on a totally diluted foundation. With this funding, Jio Platforms has raised Rs. Ninety seven,885.Sixty five crore from leading global buyers together with Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks.
Bazaarinformation team has many years of experience, covering the physical and future commodities markets with prominent commodity & equity trading advising which shines further with extensive network to get research from ground levels to generate proper reporting and movements. We are able to get evens out of odds in volatile markets and stockings. ...
