India’s Reliance says Abu Dhabi Investment Authority invests $752 million in digital unit


A woman rides her scooter past advertisements of Reliance Industries’ Jio telecoms unit, in Ahmedabad, India, July 5, 2018. REUTERS/Amit Dave

NEW DELHI (Reuters) – Indian oil-to-telecoms giant Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 million).

Reliance has now sold 21% of Jio Platforms to investors including Facebook Inc, securing around $13 billion in less than seven weeks.

Reporting by Sankalp Phartiyal; editing by Jason Neely



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