Abu Dhabi’s Mubadala Invests In Reliance Jio

Asia’s richest businessman’s Reliance Jio platform has received the investment from Abu Dhabi based company Mubadala. 

Mubadala has agreed to invest Rs 9,093 crore in the reliance jio platforms for a 1.85% stake in the firm.

Additionally, Mubadala manages $229 billion in 5 continents with interests in various sectors like aerospace, mining, and others.

More importantly, From the Last 6 weeks, jio has received Rs 87,655 crore from leading global technology investors.

Here is the list of Jio’s recent investments

Facebook: On April 22, Mark Zuckerburg’s Facebook has invested Rs 43,574 crore in Jio, in exchange for a 9.99% stake.

Silver Lake: On May 3, Silver lake invested Rs 5,655 crore into Jio for a stake of 1.15 percent.

Vista Equity: May 8, Private equity firm invested Rs 11,367 crore in Jio platforms for a stake of 2.32 percent.

General Atlantic: On May 17, US-based General Atlantic invested Rs 6,600 crore in Jio for a stake of 1.34 percent.

KKR: On May 22, KKR invested Rs 11,367 crore for a 2.32 percent equity stake.

Mubadala: On June 5, Abu Dhabi’s Mubadala investment firm agreed to invest Rs 9,0093 Into Jio.

Notably, these investments in Reliance Jio are expected to help to cut Company’s debt and boost its digital offerings.

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