Mukesh Ambani-led Reliance Industries announced today that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest INR 9,093.60 Cr in Jio Platforms for a 1.85% equity stake.
Over the last few weeks, several reports have suggested that Mubadala and Saudi Arabia’s $320 Bn sovereign wealth fund Public Investment Fund (PIF) may also participate in Jio’s fundraising spree. With this investment, Jio Platforms has raised INR 87,655.35 Cr from global investors such as Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.
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