TIL Desk/Business/Mumbai/ Abu Dhabi-based sovereign investor Mubadala Investment Company will buy 1.85 per cent stake in Jio Platforms for Rs 9,093.6 crore, Reliance Industries Limited said on Friday.
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.
The investment from Mubadala comes in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
“Mubadala Investment Company (Mubadala) 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. Mubadala’s investment will translate into a 1.85 per cent equity stake in Jio Platforms on a fully diluted basis,” RIL said in a statement.
