BUSINESS
Reliance strikes sixth deal in as many weeks, Abu Dhabi’s Mubadala invests Rs 9,093 cr in Jio

“Mubadala Investment Company will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore,” it said.

With this investment, Jio Platforms 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.

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, Reliance Industries

Facebook picked up 9.99% stake in the firm that houses India’s youngest but largest telecom firm on April 22 for Rs 43,574 crore. Within days of that deal, Silver Lake — the world’s largest tech investor — bought a 1.15% stake in Jio Platforms for Rs 5,665.75 crore

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