Abu Dhabi-based sovereign investor Mubadala Investment Company will invest Rs.9,093.6 crore in Jio Platforms in exchange for 1.85 percent stake in the company. It joins the other five investors in the company, namely Facebook, General Atlantic, Silver Lake, Vista Equity Partners and KKR. Jio Platforms has now sold a combined stake of 18.97 percent for a total investment of Rs.87,655.35 crore.

“Mubadala Investment Company will invest Rs.9,093.6 crore in Jio Platforms at an equity value of Rs.491 lakh crore and an enterprise value of Rs.5.16 lakh crore. Mubadala’s investment will translate into a 1.85 percent equity stake in Jio Platforms on a fully diluted basis,” Reliance Industries Limited said in a statement.

Mukesh Ambani, Chariman & Managing Director, RIL, said in a statement, “I am delighted that Mubadala, one of the most astute and transformational global growth investors has decided to partner us in our journey to properl India’s digital growth towards becoming a leading Digital Nation in the world.

Through my longstanding ties with Abu Dhabi, I have personally seen the impact of Mubadala’s work in diversifying and globally connecting the UAE’s

I am delighted that Mubadala one of the most astute and transformational global growth investors has decided to partner us in our journey to properl Indias digital growth towards becoming a leading Digital Nation in the world.

knowledge-based economy. We look forward to benefitting from Mubadala’s experience and insights from supporting growth journeys across the world”.

Khaldoon Al Mubarak, Managing Director & Group CEO, Mubadala Investment Company, also added, “We are committed to investing in, and actively working with high growth companies which are pioneering technologies to address critical challenges and unlock new opportunities. We have seen how Jio has already transformed communications and connectivity in India, and as an investor and partner, we are committed to supporting India’s digital growth journey. With Jio’s network of investors and partners, we believe that the platform company will further the development of the digital economy”.

Founded in 2002, Mubadala is a global investment company and has invested in business in over 50 countries. It has AED 841 ($229 billion) billion value of assets under management and has invested in sectors including Healthcare, Information & Communication Technology, Real Estate & Infrastructure, Semiconductors, Renewables and more.