Jio closes its eighth deal, gets Rs 5,683.50 Cr from ADIA
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Mukesh Ambani-led Reliance Jio has announced to raise Rs 5,683.50 crore from Abu Dhabi Investment Authority (ADIA) by diluting 1.16% stake. The latest deal is made at a similar valuation to the other recent private equity investments in Jio. While equity valuation stood at Rs 4.91 lakh crore, Jio's valuation neared Rs 5.16 lakh crore. This is the third investment secured by the Reliance Industries’ digital unit in the last 3 days.