Jio Platforms raises ₹9,093.60 crore from Mubadala

Continuing its fund-raising spree, Jio Platforms, a subsidiary of Asia’s richest man Mukesh Ambani-controlled Reliance Industries Ltd (RIL), has raised ₹ 9,093.60 crore from Abu Dhabi-based sovereign investor Mubadala Investment Company in lieu of a 1.85 per cent stake.

The deal values Jio Platforms at an equity value of ₹4.91-lakh crore and an enterprise value of ₹5.16-lakh crore, RIL said in a statement.

With this investment, Jio Platforms has raised ₹87,655.35 crore from global technology and growth investors such as Facebook, Silver Lake, Vista Equity Partners, General Atlantic and KKR in the past six weeks.

This is the company’s sixth fund-raising since April 22.