Abu Dhabi's Mubadala to invest $1.2 billion in Reliance Jio platforms for 1.85% stake
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Reliance Jio is in the news again after Abu Dhabi's Mubadala is set to invest $1.2 billion in Jio platforms for a 1.85% stake at an enterprise value of $68 billion. This the 6th cheque coming in for Reliance Jio. ₹86,600 crores in total. Has Reliance bucked up and is ready for what is going to come next? They know that the reboot of the new world will be a digital one and they were able to capitalise on this sizeable opportunity amid the COVID-19 crisis. Jio platforms have also received cheques from other big investors like Facebook, Silver Lake, Vista, General Atlantic, KKR. Tune in for more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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