38.6c New Delhi, India, Wednesday, June 19, 2024
Business

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

By Parth Thummar      08 June, 2020 03:19 PM      0 Comments
Abu Dhabi Based Mubadala 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 and positive economic and social impact in communities at home and overseas” according to its website. The companies in which it has invested are spread across aerospace, agribusiness, ICT, semiconductors, metals and mining, pharmaceutical and medical technology, renewable energy, and utilities. 

 

 



Share this article:



Leave a feedback about this
TRENDING NEWS

historic-moment-all-four-gates-of-puris-jagannath-temple-reopened-after-bjps-landmark-victory-in-odisha
Trending News Updates
Historic Moment: All Four Gates of Puri’s Jagannath Temple Reopened After BJP’s Landmark Victory in Odisha

Historic Moment All Four Gates of Puris Jagannath Temple Reopened After BJPs Landmark Victory in Odisha

18 June, 2024 11:03 AM
education-minister-admits-irregularities-in-neet-ug-centre-nta-to-face-probing-queries-in-sc
Trending Executive
Education Minister admits irregularities in NEET UG; Centre, NTA to face probing queries in SC

Education Minister admits irregularities in NEET UG; Centre, NTA to face SC probe over exam conduct and paper leak allegations, counselling to proceed.

18 June, 2024 12:14 PM

TOP STORIES

karan-johar-moves-bombay-high-court-against-film-shaadi-ke-director-karan-aur-johar
Trending CelebStreet
Karan Johar moves Bombay High Court against film ‘Shaadi Ke Director Karan Aur Johar’

Karan Johar files a lawsuit in Bombay High Court against the film “Shaadi Ke Director Karan Aur Johar,” seeking to prevent the use of his name in the title.

13 June, 2024 12:01 AM
conspired-to-transform-india-into-an-islamic-country-by-2047-bombay-hc-denies-bail-to-3-islamists-pfi-members
Trending Judiciary
Conspired to transform India into an Islamic country by 2047: Bombay HC denies bail to 3 Islamists PFI members [Read Order]

Bombay High Court denies bail to three PFI members accused of plotting to turn India into an Islamic state by 2047, citing strong evidence and risk of tampering.

13 June, 2024 12:37 AM
delhi-hc-refuses-to-stay-neet-ug-admissions-counselling-over-paper-leak-allegations
Trending Judiciary
Delhi HC refuses to stay NEET-UG admissions counselling, over paper leak allegations

Delhi High Court refuses to stay NEET-UG 2024 counselling amidst allegations of irregularities.

13 June, 2024 12:48 PM
centre-to-hold-re-test-for-1563-candidates-awarded-grace-marks-in-neet-ug-2024
Trending Judiciary
Centre to hold re-test for 1563 candidates awarded grace marks in NEET UG, 2024 [Read Order]

Centre to hold re-test for 1563 candidates awarded grace marks in NEET UG 2024. Date for re-test to be notified on June 13, results by June 30.

13 June, 2024 01:39 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email