1-MIN READ

Abu Dhabi State Fund in Talks to Invest $1 Billion in Reliance's Jio Platforms

Image for Representation.

Image for Representation.

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.

  • Reuters New Delhi
  • Last Updated: May 28, 2020, 6:56 PM IST
Share this:

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.

"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.

Disclaimer:News18.com is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited that also owns Reliance Jio.

Next Story
Loading