Mubadala to Invest Rs 9,093.60 Crore in Jio Platforms for 1.85% Stake
Reliance Industries and Jio Platforms Limited, India’s leading digital services platform, today announced that Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms... Read More
