Reliance Industries Limited and Jio Platforms Limited, India’s main digital services platform, announced that Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest rupees. Rs 9,093.60 crore on Jio platforms with a capital of Rs. 4.91 lakh crore and a commercial value of Rs. 5.16 lakh crore.
Mubadala’s investment will result in a 1.85% stake in Jio Platforms on a fully diluted basis. Thanks to this investment, Jio Platforms has increased its rupees. Rs 87,655.35 crore from the world’s best technology and growth investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.
Jio Platforms, a wholly owned subsidiary of Reliance Industries, is a next generation datasheet focused on providing high quality affordable digital services across India with more than 388 million subscribers.
Jio Platforms has made significant investments in its digital ecosystem, using cutting-edge technologies covering broadband connectivity, smart devices, cloud computing and advanced analytics, big data, artificial intelligence, Internet of Things, the augmented and mixed reality blockchain Jio’s vision is to enable a digital India for 1.3 billion people and businesses across the country, including small traders, micro-enterprises and farmers, so that everyone can benefit from the fruits of growth.
Mubadala Investment Company is a sovereign investor who manages a global portfolio, with the objective of generating sustainable financial returns for its shareholder, the government of Abu Dhabi. Mubadala’s $ 229 million portfolio spans five continents with interests in multiple sectors, including aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, good deals , pharmaceuticals and medical technologies, agribusiness and a global portfolio of financial holdings in all asset classes.
Mubadala has offices in Rio de Janeiro, Moscow, New York, and San Francisco, with a joint venture in Hong Kong. Mubadala is a sociable sociable, a committed shareholder and a responsible global company committed to meeting world-class government commitments.