The Abu Dhabi-based sovereign investor, Mubadala is all set to buy 1.85% stake in jio Platforms, a wholly-owned subsidiary of Reliance Industries (RIL), for Rs 9,093.60 crore.
- The investment from Mubadala comes in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
- With this investment, the platform has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.
Jio Platforms, a next-generation technology platform focused on providing high-quality and affordable digital services across India, has more than 388 million subscribers. It is a subsidiary of Reliance Industries
- Chairman and Managing Director of Reliance Industries- Mukesh Ambani
About Mubadala Investment Company:
It is the second-biggest state investor in Abu Dhabi after Abu Dhabi Investment Authority (ADIA).Mubadala’s portfolio spans advanced manufacturing, semiconductors, metals and mining, pharmaceutical and medical technology, renewable energy and utilities, and the management of diverse financial holdings.
- Managing Director and Group CEO- Khaldoon Al Mubarak