Jio Platforms is set to raise Rs 5683.50 crore from Abu Dhabi Investment Authority (ADIA), the largest investment arm of the government of Abu Dhabi, by selling a 1.16% stake. ADIA is the seventh investor to pick up a stake in the Mukesh Ambani-led company in seven weeks.

— The Economic Times

AZB & Partners advised Reliance Industries Limited and Jio Platforms Limited, led by a team of partners Ashwath Rau, Nilanjana Singh and Bharat Budholia, senior associate Gaurav Bansal.

Shardul Amarchand Mangaldas acted for the Abu Dhabi Investment Authority, led by partner Raghubir Menon, with partners Natashaa Shroff and Sakshi Mehra.

The same line-up has been responsible for the majority of investments in a long string of lockdown investments in Jio.

2020-06-07

Deal value: INR 56.84 Billion / approx. USD 750 Million

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