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Abu Dhabi based firm invests over Rs 5000 crore in Jio
After Facebook, Silver Lake, KKR and others, Reliance Jio has found a seventh partner to invest in the company. Mukesh Ambani's telecom giant will sell 1.2% stake to Abu Dhabi Investment Authority for a huge amount of Rs 5,683 crore. With this, the total investment has risen up to 97,885 crores through various firms. The highest among them is Facebook. Jio plans to clear all its loans by the end of this financial year and these string of investments are a step in that direction.
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Ashutosh Kumar Thakur
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