June 08 - 13:06
32D
Jio Platforms will sell $752 million stake to Abu Dhabi wealth fund
Jio Platforms continues to raise billions of dollars by selling equity in the company. The fast-growing Indian telco says it will give up 1.16% of its business to the Abu Dhabi Investment Authority for $752 million. Abu Dhabi sovereign firm Mubadala last week bought a $1.2 billion stake, following similar moves from Facebook, Silver Lake and General Atlantic.
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