JIO PLATFORMS HAS RAISED INVESTMENTS OF ₹ 87,655.35 CRORE BY LEADING GLOBAL INVESTORS IN SIX WEEKS
MUKESH AMBANI: “THIS INVESTMENT WILL FURTHER PROPEL JIO’S VISION OF TRANSFORMING INDIA INTO THE WORLD’S LEADING DIGITAL NATION”
Mumbai, India, June 5, 2020: Reliance Industries Limited and Jio Platforms Limited announced today that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest ₹ 9,093.60 crores in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis.
With this investment, Jio Platforms has raised ₹ 87,655.35 crores from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, and Mubadala in less than six weeks.
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. 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.”
Khaldoon Al Mubarak, Managing Director, and Group CEO, Mubadala Investment Company, said, “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. 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.”
