India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority – TechCrunch

[ad_1] Mukesh Ambani has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio Platforms said it will sell a stake of 1.16% for $750 million to Abu Dhabi Investment Authority (ADIA), continuing its eye-catching run of investments at the height of a global pandemic. The three-and-a-half-year-old…

Silver Lake to buy additional $600 million stake in India’s Reliance Jio Platforms – TechCrunch

[ad_1] Silver Lake is doubling down its bet on India’s Reliance Jio Platforms. The U.S. private equity firm said Friday it is buying an additional stake worth $600 million in the top Indian telecom operator, which has now raised $12.2 billion in less than two months at the height of a global pandemic. The Menlo…