Reliance’s Jio Platforms raise ₹5,683.50 crore from Abu Dhabi Investment Authority

Reliance Industries Limited (RIL) on Sunday announced raising ₹5,683.50 crore from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for its Jio Platforms. This investment values Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore. ADIA’s investment will translate into a 1.16% equity stake in Jio Platforms on a fully diluted basis.

Including the latest investment, Reliance Jio Platforms have so far raised ₹97,885.65 crore from global investors such as Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, and Mubadala.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners, and Davis Polk & Wardwell acted as legal counsel.