For Quick Alerts
For Daily Alerts

Mubadala Investment To Invest Rs. 9093 Crore In Jio Platforms


There is one new investment deal in the kitty of Reliance Industries as on early Friday the company said that Abu-Dhabi based sovereign investor Mubadala Investment Company will buy a stake in Jio Platforms by investing Rs 9,093.60 crore at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

This is for a 1.85% stake in Jio Platforms on a fully diluted basis.

Mubadala Investment To Invest Rs. 9093 Crore In Jio Platforms

In less than 6 weeks time, the digital arm of the company has aggregated a sum of Rs. 87,655.35 crore from Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and now Mubadala.

"I am delighted that Mubadala, one of the most astute and transformational global growth investors has decided to partner us in our journey to propel India's digital growth towards becoming a leading digital nation in the world. Through my longstanding ties with Abu Dhabi, I have personally seen the impact of Mubadala's work in diversifying and globally connecting the UAE's knowledge-based economy. We look forward to benefitting from Mubadala's experience and insights from supporting growth journeys across the world," said Mukesh Ambani, Chairman and Managing Director, RIL.

"We are committed to investing in, and actively working with, high growth companies which are pioneering technologies to address critical challenges and unlock new opportunities. We have seen how Jio has already transformed communications and connectivity in India, and as an investor and partner, we are committed to supporting India's digital growth journey. With Jio's network of investors and partners, we believe that the platform company will further the development of the digital economy," said Khaldoon Al Mubarak, Managing Director and Group CEO, Mubadala Investment Company.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners, and Davis Polk & Wardwell were the legal counsels. The transaction is subject to regulatory and other customary approvals.

Read more about: jio ril
Story first published: Friday, June 5, 2020, 5:27 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X