ADIA, UAE's largest fund invests all over the world.
10000 Thousand crore needed to make Reliance Industries debt free
⇛Abu Dhabi Investment Authority ADIA can invest Rs.15000 crore in The Reliance Industry's telecom company, Jio Platform. ADIA is the largest sovereign wealth fund in the UAE. This rich wealth fund of the Gulf remains active for worldwide investment.
⇛However, it is not yet decided how much each fund will invest. Many people believe that after this, the Saudi Wealth Fund, Public Investment Fund of Saudi Arabia can also invest 15000 crores in Reliance Digital Business Unit. Some people believe that PIF alone can invest 1.5 billion dollars. In a similar way, two other foreign organizations of the UAE can invest a quarter billion dollars in reliance Jio platform. According to sources, this may be the last stage of selling the share in the Jio platform.
ADIA's first investment in technology.
⇛The maximum investment can be made by PIF. It is believed that this deal can be announced this week. This deal would be the first investment in the technology sector by ADIA. With Reliance ADIF, is keen to buy a share in fiber network all over India but this transaction is going very slow.
Jio will get 90000 crore from the stake sale.
⇛So far, the company has raised Rs 78562 crore by selling 17.12 percent stake to five investors, Facebook, Silver Lake, Vista Equity Partners, General Atlantic and KKR. On this basis, if we look at the deal and the valuation, then a 2 percent stake can be gained for $ 1.5 billion.
⇛Investment bankers said that sovereign wealth funds are investing well in Gulf countries. This is because the valuation of global markets is decreasing. They are also interested in purchasing in Technology Communication Healthcare Retail Logistic Sector, etc.
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