Mukesh Ambani-led Reliance Jio has announced to raise Rs 5,683.50 crore ($750 million) from Abu Dhabi Investment Authority (ADIA) in lieu of diluting 1.16% stake.
The latest deal is made at a similar valuation to the other recent private equity investments in Jio. While equity valuation stood at Rs 4.91 lakh crore, the telecom’s enterprise valuation neared Rs 5.16 lakh crore.
This is the third investment secured by the Reliance Industries’ digital unit in the last three days.
Continue reading Jio closes its eight deal, gets Rs 5,683.50 Cr from ADIA at Entrackr.