Abu Dhabi state fund in talks to invest $1 billion in Reliance Jio Platforms: Sources

Abu Dhabi-based sovereign investor Mubadala Investment Company is in discussions to invest in Reliance Industries’ digital unit Jio Platforms, a source said.

Last week, Reliance Industries had announced sale of a 2.32 per cent stake in its digital unit to the US-based private equity giant KKR for Rs 11,367 crore, the fifth marquee deal over the past few weeks that will inject a combined Rs 78,562 crore in the oil-to-telecom conglomerate to help it pare debt.

The source said talks are on with Mubadala Investment Company for a possible stake sale in Jio Platforms, but did not divulge details.