Abu Dhabi state fund Mubadala Investment Co is in advanced talks to invest up to $1 billion in the retail division of India's Reliance Industries Ltd, two sources told Reuters, as investor interest in the Indian company surges.
With this investment, Jio Platforms has raised $13 billion from seven marquee investors in less than seven weeks.
With this investment, Jio Platforms has raised $11.6 billion from six marquee investors in less than seven weeks.
The Abu Dhabi based company will help start-ups to set up global or regional headquarters in Masdar City. ADQ, formerly Abu Dhabi Development Holding Company, launched a new venture fund, Alpha Wave Incubation Fund, worth $300 million to invest in early-stage businesses in India and Southeast Asia. Alpha Wave Incubation Fund, located at Abu Dhabi Global Market, will help start-ups to set up global or reginal headquarters in Abu Dhabi’s Masdar City. Mohammed Hassan Alsuwaidi, CEO, ADQ, said: “The fund [...]