Sunday, August 14, 2022

Abu Dhabi Investment Authority pour ₹5,683 Crores to Jio

- Advertisement -

It seems that high-profile foreign investors become impatient to invest in Indian telecom operator Jio. During the past few weeks, Jio received so many investments in every few days. After receiving a good amount from the US-based investor Silver Lake, now the Abu Dhabi Investment Authority (AIDA) spend ₹5,683 crores to Jio.

The AIDA is Abu Dhabi government’s largest investment firm. By investing the mentioned amount, it collects a 1.16% stake of Reliance Jio. Yesterday, in a press release Reliance announced all the details of this investment.

In that press release, Reliance also mentioned the equity value i.e. ₹4.91 lakh crores and the enterprise value i.e. 5.16 lakh crores.

Jio AIDA 1_TechnoSports.co.in

This one is the second investment that came from Abu Dhabi. The first investment came a few days back from Mubadala Invest which is also a reputed one. Mubadala invested ₹9,093.60 crores.

AIDA is the seventh investor for Jio. Over the past few weeks, Jio bagged ₹97,885.65 crores in total from all the investors and in exchange it sold 21.06% of its stake.

Instead of AIDA, the previous investor list for Jio includes the social media giant Facebook, Vista Equity firm, General Atlantic, KKR, and two previously mentioned firms Mubadala and Silver Lake. The hight investment is done by the social media giant and the amount is ₹43,574 crores. In return, Facebook got a 9.9% stack of Jio.

Do Check Out 👇🏼

- Advertisement -

TechnoSports 🔥 Stay Updated

- Advertisement -
spot_img
Anupam Modak
Anupam Modak
A CS Engineer and Tech Enthusiast who likes to fiddle with the latest gadgets and tech happenings around the world.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

Bitdefender WW

More To Consider

Stay Connected

13,642FansLike
62FollowersFollow
170FollowersFollow
Ajio [CPS] IN

Hot Topics

spot_img

Latest Articles

Trending

Bigrock [CPS] IN

Featured

Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add technosports.co.in to your ad blocking whitelist or disable your adblocking software.

×
%d bloggers like this: