Abu Dhabi Investment Authority to invest $1 billion dollars in JIO Fiber

Abu Dhabi Investment Authority (ADIA) to invest close to $1 billion (about Rs 7,500 crore) in Reliance Industries’ infrastructure investment trust (InvIT) Jio Digital Fibre for up to 25% stake.

The sovereign wealth fund of the United Arab Emirates has already secured initial executive committee approvals and might take a final decision upon review of investment plans within a few days, ADIA said.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “I am delighted that ADIA, with its track record of more than four decades of successful long-term value investing across the world, is partnering with Jio Platforms in its mission to take India to digital leadership and generate inclusive growth opportunities. This investment is a strong endorsement of our strategy and India’s potential.”

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