Mubadala invests $1.2 billion in India’s leading digital services platform Jio

(United Arab Emirates)

Bloomberg has reported that Abu Dhabi based Sovereign Wealth Fund Mubadala will acquire a 2.33% stake in Jio, India’s leading digital services platform, for an estimated $1.2 billion.

Mubadala established its Ventures arm in 2017 to partner with visionary founders in support of innovative businesses. Mubadala’s Ventures manages a number of venture funds focused on the US, Europe, and the Middle East. The funds invest in high growth companies with pioneering technologies

Read the original article on Gulf News: Ambani’s Jio Platforms Sells $1.2 Billion Stake to Mubadala