UAE's Mubadala To Invest Rs 9,093 Crore In Jio Platforms For A 1.85% Stake

Reliance Jio is on a roll. After getting over Rs 78,562 crores in the form of investments from five major American companies, including Facebook, now Jio has managed to rope in another investor -- Abu Dhabi’s Mubadala Investment Company.

Reuters

Reliance Jio, through a press release has announced that Mubadala will be investing Rs 9,093 crores in Reliance Jio for a 1.85 percent stake, making it the sixth investment in Jio.?

Today, Reliance Jio boasts an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.15 lakh crore. With the newest inclusion, Reliance Jio has now managed to generate a total of Rs 87,655.35 crores with a combined holding up to 18.97 percent.?

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

?Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “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.”

He added, “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.”

Reuters

Khaldoon Al Mubarak, Managing Director and Group CEO, Mubadala Investment Company, said in a statement, "We are committed to investing in, and actively working with, high growth companies which are pioneering technologies to address critical challenges and unlock new opportunities.”

He added, “We have seen how Jio has already transformed communications and connectivity in India, and as an investor and partner, we are committed to supporting India's digital growth journey. With Jio’s network of investors and partners, we believe that the platform company will further the development of the digital economy.”