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ADIA To Invest Rs 5,683.50 Crore In Jio Platforms

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Reliance Industries and Jio Platforms Limited have announced an investment of Rs 5,683.50 crore by a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA"). This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

 

ADIA's investment will translate into a 1.16% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs 97,885.65 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, "I am delighted that ADIA, with its track record of more than four decades of successful long-term value investing across the world, is partnering with Jio Platforms in its mission to take India to digital leadership and generate inclusive growth opportunities. This investment is a strong endorsement of our strategy and India's potential."

ADIA To Invest Rs 5,683.50 Crore In Jio Platforms

Read more about: reliance industries jio
Story first published: Sunday, June 7, 2020, 21:18 [IST]
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