Serum Institute of India CEO Adar Poonawalla has appealed to the new owner of Twitter, Elon Musk, to invest in India. “If you don’t want to buy Twitter Elon Musk, consider investing some of that capital in a big way in India and making quality Tesla cars here,” he wrote on Twitter.
Poonawala also said that this would be your best investment ever. “Let me assure you this will be the best investment I have ever made,” he said.
Oh Tweet embed Just in case you don’t end up buying @TwitterDo not consider investing some of this capital in India for high quality manufacturing on a large scale Tweet embed cars. I assure you that this will be the best investment you will ever make.
– Adar Poonawalla (adarpoonawalla) May 8, 2022
Musk raises $7 billion from investors for Twitter deal
Billionaire Elon Musk, who recently announced the acquisition of the micro-blogging site Twitter, managed to raise more than $7 billion from a group of investors for the deal. Larry Ellison, co-founder of Oracle, is among the investors willing to be part of Musk’s investment proposal.
Sequoia Capital Fund pledged $800 million and ViCapital $700 million in a Twitter takeover deal, according to information submitted to the U.S. Securities and Exchange Commission. However, Ellison was in the lead, agreeing to invest $1 billion. He is also on the board of Elison Musk’s Tesla company. In addition, Saudi Crown Prince Al-Waleed bin Talal bin Abdulaziz Al Saud pledged $35 million to purchase Twitter shares to support Musk.
Musk previously said he sold $8.5 billion worth of Tesla stock to raise money for the $44 billion deal. He later refused to sell his additional stake in Tesla. Thus, they will need outside support to complete the transaction. Information provided to the Securities Commission also said that Musk is also speaking with other people, including Jack Dorsey, the former CEO of Twitter. Dorsey is second only to Musk in terms of personal Twitter share.