Jio Platforms looks like pulling in another $3bn, including Microsoft

Microsoft and Abu Dhabi state fund Mubadala Investment Company have separately started negotiations with the oil-retail-telecom conglomerate Reliance Industries Limited (RIL) to buy stakes in Jio Platforms. According to reports, Microsoft is looking to purchase an over 2.5% stake for around US$2 billion, while Mubadala Investment Company is looking to invest US$1 billion in Jio Platforms. Mukesh Ambani’s youngest son Anant Ambani, 25, has also joined the board of Jio Platforms as an additional director. Mukesh Ambani’s Jio Platforms has already received investments worth $10 billion from Facebook, KKR & Co., Silver Lake, Vista Equity Partners, and General Atlantic less than a month. RIL had on April 30 said that Jio Platforms received interest from other global investors.

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