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    ADIA-JIO deal | Another sovereign fund bets on the proxy for the Indian digital economy

    Moneycontrol Research
    June 08, 2020 / 07:04 PM IST
    ADIA-JIO deal | Another sovereign fund bets on the proxy for the Indian digital economy

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    -      Quarterly performance largely backed by improved realisations
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    Moneycontrol Research Highlights - ADIA buys a 1.16 percent stake in Jio Platforms for Rs 5,683.5 crore - Silver Lake raises stake a month after first investing - Jio Platforms has raised Rs 97,886 crore from global investors so far - Successful completion of rights issue attests to investors’ confidence - Stake sale accelerates RIL deleveraging efforts; on track to become a zero debt company Barely two days after Abu Dhabi-based sovereign wealth fund  Mubadala picked up a stake in Jio Platforms, another marquee sovereign fund Abu Dhabi Investment Authority, or...

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