Abu Dhabi’s state fund Mubadala Investment Company is investing Rs 9,093.60 crore in Jio Platforms, which gave it an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, Reliance Industries Limited said on Friday. The investment will convert to a 1.85% equity stake on a fully diluted basis.
Jio Platforms has raised a total of Rs 87,655.35 crore from leading technology investors like Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in under six weeks.
Over here is a timeline of investments in Reliance’s Jio Platforms in recent weeks:
03 May: After Facebook, Jio Platforms gets Rs 5655.75 crore investment from PE giant Silver Lake
08 May: After Facebook and Silver Lake, Vista Equity invests Rs 11,367 crore in Jio Platforms.
17 May: Reliance Jio sells 1.34% stake to General Atlantic for ₹6,600 crores.
22 May: KKR invests Rs. 11,367 crores in Jio, Mukesh Ambani gains over $10 Billion investment in a Month.
05 June: Abu Dhabi’s state fund Mubadala invests $1.2 billion in Reliance’s Jio Platforms.
