Category : Business
 Jio Platforms has received investment of Rs 5683.50 crore from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Hence, ADIA has bought 1.16% stake in Jio Platforms with its investment of Rs 5683.50 crore. The investment done by ADIA valued the Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Jio Platforms is a wholly-owned subsidiary of Reliance Industries (RIL). It aims to provide high-quality and affordable digital services across India. Abu Dhabi Investment Authority (ADIA) is the largest investment arm of the government of Abu Dhabi. ADIA was established in 1976 and is a globally-diversified investment institution. |
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