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Jio Platforms sells 1.16% stake to Abu Dhabi Investment Authority for EUR 667 mln

2020-06-08 09:11:00| Telecompaper Headlines

(Telecompaper) The Abu Dhabi Investment Authority (ADIA) has bought a stake in Jio Platforms of 1.16 percent, for INR 56.83 billion, or over EUR 667 million. The latest investment brings Jio Platforms' enterprise value to INR 5.16 trillion, the company said.

Tags: eur investment authority platforms

Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt

2020-05-27 06:23:00| Telecompaper Headlines

(Telecompaper) Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said.

Tags: fully debt telecom sells

Tom Barracks Colony Sells RXR Realty Stake to Dyal

2020-02-27 16:59:00| National Real Estate Investor

The firm valued its 27.2 percent stake in RXR at $100.4 million.

Tags: tom sells realty colony

Oi sells 25% stake in Unitel for USD 1 billion

2020-01-24 16:46:00| Telecompaper Headlines

(Telecompaper) Oi has agreed to sell its 25 percent share in Angolan operator Unitel for USD 1 billion, reports O Globo. The buyer is Angolan oil company Sonangol which will pay USD 750 million initially and the rest in 90 days.

Tags: usd billion sells stake