New Delhi, Business Desk. 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 Jio Platforms.
The equity value of this investment of Mubadala in the Jio platform is Rs 4.91 lakh crore and the 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 Jio 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.
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Mukesh Ambani, chairman and managing director of Reliance Industries, said, “I am delighted that Mubadala, one of the best and diversified investors in the world, has decided to partner with us. He will be a partner in our journey to make India a digital nation. I have a long standing relationship with Abu Dhabi and I have noticed that Mubadala has done a tremendous job in connecting the UAE’s knowledge-based economy to the world and coloring diversity. We look forward to benefiting from Mubadala’s experience. ‘
Khaldun Al Mubarak, managing director and group CEO of Mubadala Investment Company, said, ‘We have seen how Jio has transformed communication and connectivity in India, and as an investor and partner, we are looking at India’s digital development journey Committed to support.
Mubadala’s portfolio includes advanced manufacturing, semiconductor, metals and mining, pharmaceutical and medical technology, renewable energy and utilities, aerospace and management of diversified financial holdings.
