Abu Dhabi’s Mubadala Investment Company will invest Rs 9093.6 crore for 1.85% stake in Jio Platforms
Within six weeks, Platforms through Reliance has got another new investor. According to information given by Reliance Industries Limited (RIL) on Friday, Mubadala Investment Company of Abu Dhabi will invest Rs 9093.6 crore for 1.85 per cent stake in Jio Platforms.
With this investment, Jio Platforms has raised Rs 87,655 crore from world renowned technology and growth companies. Apart from Mubadala, Facebook, Silver Lake, Vista Equity Partners, General Atlantic and KKR have invested in the Jio platform.
The equity value of this investment of Mubadala in Jio platform is Rs 4.91 lakh crore and enterprise value is Rs 5.16 lakh crore. Reliance Industries Limited said in its statement, ‘Mubadala Investment Company (Mubadala) will invest Rs 9093.60 crore in Jio Platforms with an equity value of Rs 4.91 lakh crore and enterprise value of Rs 5.16 lakh crore.’
RIL’s subsidiary Geo Platforms is a Next Generation Technology platform whose focus is to provide high quality and affordable digital services in India. Its customers number 33.80 crores. Telecom service unit Reliance Jio also comes under Jio platform.