New Delhi Discussions are on whether Abu Dhabi-based autonomous investor Mubadala Investment Company can invest in Reliance Industries’ digital arm Jio Platform. This information has been received from a source. Significantly, last week, Reliance Industries announced the sale of 2.32 per cent stake in its digital unit to KKR, a US-based private equity company, for Rs 11,367 crore.
This was the fifth major investment in Jio Platforms in the last few weeks. In the five major deals so far, Reliance has received a total capital of Rs 78,580 crore from minority stake deals in the digital company.
Also Read: JioMart Starts Delivery in 200 Cities; Grofers, BigBasket will compete
The source said that talks are on with Mubadala Investment Company about possible transaction of stake in Jio Platforms. However, the details of this deal could not be found. A mail was sent to Reliance Jio and Mubadala Investment Company regarding this, to which they have not responded. In the past few weeks, Xiao has received investments from Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic, apart from KKR.
If we talk about the other news of the deal today, then giant technology company Google can invest in Indian telecom company Vodafone Idea. The Financial Times has claimed this in its report. According to the report, Google is considering taking a 5 percent stake in Vodafone Idea. Let us know that Vodafone Idea is a joint venture of British company Vodafone and Aditya Birla Group.
