Abu Dhabi state fund in talks to invest $1 bn in Jio Platforms: Report

Jio Platforms has secured $10 billion from investors including Facebook Inc within a month

jio, reliance, ril
Reliance did not immediately respond to a request for comment
Reuters New Delhi
1 min read Last Updated : May 29 2020 | 12:44 AM IST
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.

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Topics :Reliance Jiotelecom servicestelecom sector in India

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