Abu Dhabi Investment Authority to acquire $752m stake in Jio

Abu Dhabi Investment Authority to acquire $752m stake in Jio

Abu Dhabi Investment Authority to acquire $752m stake in India's Jio. The Adia deal is the third Jio Platforms has secured just this week, and the seventh in six weeks.. Abu Dhabi Investment Authority (Adia) on Sunday became the latest global investor and the second UAE-based sovereign wealth fund after Mubadala to acquire a stake in India's hot-selling digital firm Jio Platforms.. Adia, one the world's leading wealth funds with assets estimated at around $700 billion, will buy 1.16 per cent in India's digital giant for $752 million as part of its portfolio diversification drive.. The three-and-a-half-year-old digital unit of Reliance Industries Ltd, the most valuable firm in India, has now secured nearly $13 billion from seven investors including Facebook, US private equity firms Silver Lake, General Atlantic by selling close to 20 per cent stake.. Last week, Mubadala Investment of Abu Dhabi announced a $1.2 billion deal to buy 1.85 per cents take in Jio, which has become one of the most sought-after assets by global investors.. Jio, India's largest telecom operator with over 388 million subscribers, has an equity value of $65 billion and an enterprise value of $68 billion.". I am delighted the Adia, with its track