Facebook to Mubadala: Investors queue up for stake in Jio Platforms

Including investment by the Abu Dhabi fund, Reliance has now sold a combined 19% interest in Jio Platforms in six deals announced over as many weeks

Reliance Industries on Friday added to its list of international backers, with Abu Dhabi's Mubadala Investment Co buying a stake in its digital arm, Jio Platforms, for Rs 9,093.6 crore.

Reliance has now sold a combined 19 per cent interest in Jio Platforms, which houses movie, music apps and telecoms venture Jio Infocomm, in six fundraising deals worth a total of Rs 87,656 crore. Here is more about these investments:

1. Facebook invested Rs 43,574 crore in Jio in April for a roughly 10 per cent stake, seeking to build a commerce business for its WhatsApp messaging