Originally posted to the Reuters website, 28 May 2020
NEW DELHI (Reuters) – Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries’ (RELI.NS) digital unit Jio platforms, three sources said on Thursday.
Jio Platforms, which houses music and movie apps as well a Reliance’s telecoms venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook Inc (FB.O) within a month.
Reliance did not immediately respond to a request for comment.
“Clearly Jio’s platform is attracting a wide range of world-class investors, given its enormous potential to serve one of the world’s largest marketplaces,” Mubadala said in an email to Reuters.
Link to the original post : https://www.reuters.com/article/us-reliance-investment/abu-dhabi-state-fund-in-talks-to-invest-1-billion-in-jio-platforms-sources-idUSKBN2341EA
