Current Affairs - Obituary - Discussion

Discussion :: Obituary - Latest Current Affairs (Q.No.135)

135. 

Which Abu Dhabi based sovereign wealth funds, has invested Rs 5,683.50 crore for a 1.16 % stake in Jio platforms, a subsidiary Reliance Industries Ltd?

[A]. Sharaf
[B]. Jumeirah
[C]. ADIA
[D]. Chalhoub

Answer: Option C

Explanation:

Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, has invested Rs 5,683.50 crore for a 1.16 % stake in Jio platforms, a subsidiary of Asia's richest man Mukesh Ambani-controlled Reliance Industries Ltd. With this investment, a total of Rs 97,885.65 crore has been invested for 21.06% equity in Jio platforms through 8 investments. The investment began with Facebook on April 22,2020 followed by additional investments by Silver Lake (2 investments), Vista Equity Partners, General Atlantic, KKR and Mubadala in the past nearly seven weeks.

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