Abu-Dhabi based Mubadala to acquire 1.85% in Jio for Rs. 9093 Crore

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Mumbai : Mukesh Ambani controlled Reliance Industries on Friday announced that, Abu Dhabi- based sovereign investor Mubadala Investment Company will invest Rs. 9,093.60 crore in Jio Platforms to acquire 1.85 per cent equity stake on a fully diluted basis.

“Reliance Industries Limited (“Reliance Industries”) and Jio Platforms Limited (“Jio Platforms”), India’s leading digital services platform, announced today that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs. 9,093.60 crore in Jio Platforms at an equity value of Rs.Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore. Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis” said RIL in a stock market filing.

With this investment, the telecom company 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.

Mubadala’s portfolio spans advanced manufacturing, semiconductors, metals & mining, pharmaceutical and medical technology, renewable energy and utilities, and the management of diverse financial holdings.

 “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”

-Mukesh Ambani,

Chairman and Managing Director of Reliance Industries

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