Lawstreet Journal

Abu Dhabi-Based Mubadala to invest Rs 9,093.6 crores in Jio Platforms

Lawstreet Journal 8 Jun 2020 8:49pm

Image courtesy: Lawstreet Journal Business Abu Dhabi-Based Mubadala to invest Rs 9,093.6 crores in Jio Platforms

Abu Dhabi sovereign fund Mubadala Investment Company will invest Rs 9,093.6 crore in Reliance Industries’ Jio Platforms. The deal is slated to give Mubadala 1.85 percent share in the company.

Jio Platforms runs movie, news, and music apps as well as the telecom enterprise Jio Infocomm has sold a combined stake of 18.97 percent through six massive fundraising deals and which takes to total Rs 87,655.35 crore of the amount raised by Jio. It was started from Facebook Inc, which has invested Rs 43,574 crore to buy 9.99 percent on April 22. Following which General Atlantic, Silver Lake, Vista Equity Partners, and KKR have invested which together amounts to Rs 78,562 crore. 

Mubadala Investment Company is a sovereign investor managing a global portfolio aimed at generating sustainable financial returns for its shareholder, which is the Government of Abu Dhabi. It was established in 2017 as a global investment giant for Abu Dhabi, it is now active worldwide and has invested across multiple sectors.

Mubadala is touted as the second-biggest state investor after Abu Dhabi Investment Authority. It is believed that it has more than 50 businesses and investments in more than 50 countries. It has offices in Rio de Janeiro, Moscow, New York, and San Francisco. It manages about $229 billion in assets and with this new stake of 1.85% in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Mubadala company typically makes investments in enterprises that “create lasting value… Continue Reading...


Tagged: Reliance Industries   Reliance Industries Limited   Reliance Industry  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
Featured Members view all

New Members view all

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.