Mubadala to invest Rs 9,093 crore in Jio for 1.85% stake

Abu Dhabi-based fund, Mubadala Investment Company (Mubadala), will invest Rs 9,093.60 crore in Jio Platforms for 1.85% equity stake on a fully diluted basis. This is the sixth mega-deal for Reliance Jio over the past six weeks.

Mubadala’s investment, at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, takes the total amount raised by Jio Platforms to a whopping Rs 87,655.35 crore, according to a press release by RIL.

With this, Reliance Industries has reclaimed Rs 10 lakh crore level in market capitalisation.

Earlier, leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, and KKR had pledged to invest in Jio.