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Reliance Jio-ADIA Deal: Here are key things you should know about the new Jio Platforms investor

Jio Platforms: ADIA has been a long time investor in Indian equities.

June 08, 2020 / 10:27 AM IST

Reliance Industries Ltd's Jio Platforms got its latest investor in the form of Abu Dhabi Investment Authority (ADIA) on Sunday. One of the world’s biggest sovereign wealth funds, will pump Rs 5,683.5 crore into Jio Platforms.

The company is estimated to have assets of nearly $700 billion, has invested in 18 companies, according to data from Crunchbase.

ALSO READ: Reliance Jio: Abu Dhabi Investment Authority new investor in Jio Platforms as RIL unit raises total of nearly Rs 1 lakh crore

The fund has for years  been spending money in Indian equities. Initially it acted as an anchor investor in several IPOs, and fixed income. In recent years, it widened its interest to assets such as infrastructure, real estate and private equities.
ADIA and India’s National Investment and Infrastructure Fund (NIIF) agreed in April 2019 to buy a 49 percent stake in the airport unit of Indian conglomerate GVK Power & Infrastructure.