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canada goose coats on sale The decision byADIA, aglobally diversified investment institution, in exchange for a 1.16 percent stake, is an unprecedented eighth investment in Jio Platforms in less than seven weeks and marks the largest continuous fundraising action by a company anywhere in the world. RIL, the oil to retail to telecom conglomerate, has now sold a little over 21 percent stake in Jio Platforms through a flurry of fundraising deals and raised as much as Rs 97,885.65 crore, or $12.96 billion.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.»Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said, «Our investment in Jio is a further demonstration of ADIA’s ability to draw on deep regional and sector expertise to invest globally in market leading companies and alongside proven partners.»related newsThe Tech Weekender: Google connects with Reliance Jio, the big Twitter hack and Apple to pay iPhone users for ‘Batterygate’TDSAT stays TRAI’s order, provides interim relief to Vodafone Idea in RedX priority plan caseBusiness Insight Will NPAs snowball into a crisis after August?Series of dealsSignificantly, all the deals were concluded amid a global lockdown, a testament to India’s huge digital potential and a strong endorsement of Jio’s formidable strategy, tech capabilities, disruptive business model and secular long term growth potential.ADIA’s investment at anequity valuation of Rs 4.91 lakh crore and enterprise valuation of Rs 5.16 lakh crorecomes close on the heels of its counterpart Mubadala Investment Company’s purchase of 1.85 percent in Jio Platforms for Rs 9,093.6 crore and a second round of investment by private equity giant Silver Lake and co investors.The series of investments in Jio, which runs movie, news and music apps as well as the telecom company Jio Infocomm, was led by a 9.99 percent stake sale to Facebook Inc for Rs 43,574 crore on April 22. canada goose coats on sale

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