Reliance Industries and Jio Platforms Ltd has introduced that Mubadala Investment Company (Mubadala), the Abu Dhabi-primarily based sovereign investor, will invest Rs. Nine,093.60
crore in Jio Platforms at an equity fee of Rs. Four.91 lakh crore and an agency value of Rs. 5.16 lakh crore. Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a totally diluted basis.
Reacting to this news RIL rose by 2.38% to Rs. 1617.7.
With this investment, Jio Platforms has raised Rs. 87,655.35 crore from main global technology and boom buyers together with Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in much less than six weeks.
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