Abu Dhabi state fund in talks to invest $1 billion in Jio Platforms | HT Tech

Abu Dhabi state fund in talks to invest $1 billion in Jio Platforms

Reliance has already raised investments from the likes of Facebook, KKR and General Atlantic for its Jio platforms.

By:REUTERS
| Updated on: May 28 2020, 16:51 IST
Reliance may raise more investment for its Jio Platforms
Reliance may raise more investment for its Jio Platforms (MINT_PRINT)
Reliance may raise more investment for its Jio Platforms
Reliance may raise more investment for its Jio Platforms (MINT_PRINT)

Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries' digital unit Jio platforms, three sources said on Thursday.

Jio Platforms, which houses music and movie apps as well a Reliance's telecoms venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook Inc within a month.

Reliance did not immediately respond to a request for comment.

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"Clearly Jio's platform is attracting a wide range of world-class investors, given its enormous potential to serve one of the world's largest marketplaces," Mubadala said in an email to Reuters.

WATCH: Reliance Jio gets 6,600 crore investment from US' General Atlantic

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First Published Date: 28 May, 16:51 IST
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