38.6c New Delhi, India, Tuesday, April 16, 2024

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 Law School
Call For Chapters: Gender-Based Violence and Religion

Calling For Book Chapters: As an editor, Dr. Amit Anand, Assistant Professor, School of Legal Studies, REVA University, Bengaluru, is inviting people to contribute to a book, entitled "Gender-Based Violence and Religion." This book is scheduled to be published by Cambridge Scholars Publishing.

15 April, 2024 04:21 PM
Trending Judiciary
SC extends stay on Allahabad HC order approving survey of Shahi Idgah complex

SC extends stay on Allahabad HC's order for survey of Shahi Eidgah mosque next to Krishna Janmabhoomi.

15 April, 2024 05:19 PM


Trending Business
Misleading advts case: Baba Ramdev, Balkrishna tender apology

Baba Ramdev, Balkrishna apologize for misleading ads. SC contempt plea hearing set for April 10. Patanjali assures compliance with court orders.

10 April, 2024 10:44 AM
Trending Judiciary
SC allows gangster-turned-politician's son to attend 'Fatiha'

Supreme Court allows jailed MLA Abbas Ansari to attend his father's funeral prayers, granting temporary release under police custody.

10 April, 2024 11:11 AM
Trending Judiciary
Each moveable property not required to be disclosed by candidates in election: SC [Read Judgment]

SC rules not every movable asset needs disclosure in elections. Privacy rights preserved. Details vary per case. High value assets matter.

10 April, 2024 12:02 PM
Trending Judiciary
Delhi CM Arvind Kejriwal moves Supreme Court

Delhi CM Arvind Kejriwal moves Supreme Court against dismissal of plea in liquor policy scam case. Lawyers seek early hearing from CJI-led bench.

10 April, 2024 12:39 PM


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email