20th October 2020

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Reliance Jio – ADIA deal

Reliance Industries Limited and Jio Platforms Limited, India’s main digital services platform, announced an investment of Rs. 5,683.50 Crore from a wholly-owned subsidiary of the Abu Dhabi Investment Authority. (“ADIA”).

This investment values ​​the Jio platforms at a capital value of Rs. 4.91 lakh crore and a commercial value of Rs.5.16 lakh crore. ADIA’s investment will result in a 1.16% stake in Jio Platforms on a fully diluted basis. Thanks to this investment, Jio Platforms has increased its Rs. 97,885.65 Crore from major global investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks.

Jio Platforms Limited: Jio Platforms Limited (“Jio”), a wholly-owned subsidiary of Reliance Industries Limited, has built a robust, future-proof world-class data network with the latest 4G LTE technology (through of its wholly-owned subsidiary, Reliance Jio Infocomm Limited).

It is the only network designed and born as a mobile video network from scratch and compatible with voice over LTE technology. It is scalable and can be easily upgraded to support even more data as technologies move to 5G, 6G and more. Jio will bring transformative changes to India’s digital services space to enable the vision of digital India for 1.3 billion Indians and propel India to the rank of world leader in the digital economy.

Jio has created an ecosystem that encompasses affordable networks, devices, apps and content, platforms, service experience and pricing that allow everyone to experience the digital life of Jio. As part of its customer offerings, Jio has revolutionized the Indian telecommunications landscape by making voice calls to Jio customers absolutely free, across India, to any network and always. Jio makes India the highest quality and most affordable data market in the world for all Indians.

About ADIA: Founded in 1976, ADIA is a globally diversified investment institution that judiciously invests funds on behalf of the government of Abu Dhabi through a strategy of long-term value creation.

ADIA has been investing in private equity since 1989 and has formed a large internal team of specialists with expertise in products, geographic areas and asset sectors. Through its extensive industry-wide relationships, the Private Equity Department invests in private equity and credit products globally, often in collaboration with external partners, and through primary and secondary funds managed externally.

Its philosophy is to build long-term collaborative relationships with its partners and the company’s management teams to maximize value and support the implementation of agreed strategies.

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