Reliances' purse gets heavier after ADIA picks 1.16% stake in Jio
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Reliance Jio continues to lead the market with its 8th deals in less than 7 weeks. The company is to raise ₹ 5,683.50 crores from the Abu Dhabi Investment Authority (ADIA) by selling just a 1.16% stake. With these investments, Reliance has sold all of the targeted. Facebook picked up a 9.99% stake in the firm, Silver Lake bought a 1.15 percent stake for ₹ 5,665.75 crores, US-based Vista Equity Partners bought 2.32% stake, General Atlantic picked up 1.34% stake, KKR bought 2.32% for ₹ 11,367 crores, Silver Lake made an additional investment to take its stake higher and finally ADIA’s investment which brings in ₹ 5,683.50 crores. Tune in to know 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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