Technology

India’s Reliance says Abu Dhabi Investment Authority invests $752 million in digital unit

Written by corres2

[ad_1]

A woman rides her scooter past advertisements of Reliance Industries’ Jio telecoms unit, in Ahmedabad, India, July 5, 2018. REUTERS/Amit Dave

NEW DELHI (Reuters) – Indian oil-to-telecoms giant Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 million).

Reliance has now sold 21% of Jio Platforms to investors including Facebook Inc, securing around $13 billion in less than seven weeks.

Reporting by Sankalp Phartiyal; editing by Jason Neely

[ad_2]
Source link

About the author

corres2

Leave a Comment

x

COVID-19

India
Confirmed: 9,431,691Deaths: 137,139
x

COVID-19

World
Confirmed: 62,721,553Deaths: 1,459,224