Abu Dhabi Investment Authority becomes the eighth investor in Jio Platforms the world’s largest continuous funding round

Abu Dhabi Investment Authority, one of the largest sovereign wealth funds in the world, will invest Rs 5,683.5 crore in Jio Platforms. It will be joining A-list global tech investors that have spent millions of dollars in this RIL unit as they believe it has the potential to dominate India’s booming digital economy.

This decision for a 1.16% stake is an unprecedented eighth investment in Jio Platforms. It is the largest continuous fundraising action by any company in the world. RIL has now sold a little over 21 percent stake in Jio Platforms through multiple fundraising deals and raised as much as Rs 97,885.65 crore, or $12.96 billion.

Advertisement

Mukesh Ambani said, “I am delighted that ADIA, with its track record of more than four decades of successful long-term value investing across the world, is partnering with Jio Platforms in its mission to take India to digital leadership and generate inclusive growth opportunities. This investment is a strong endorsement of our strategy and India’s potential.”

Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said, “Our investment in Jio is a further demonstration of ADIA’s ability to draw on deep regional and sector expertise to invest globally in market leading companies and alongside proven partners.”

Ahmedabad Plane Crash