Abu Dhabi-based sovereign investor Mubadala will invest Rs 9,093.60 crore in Reliance Industries’ digital arm Jio Platforms for a 1.85 percent stake. Mubadala’s funding is the latest in a series of investments in Jio Platforms over the last few weeks. The deal reaffirms Jio’s continuing attraction among global investors.

Here are the key things to know about the Jio Platforms-Mubadala deal:

This is the sixth investment in Jio Platforms in just six weeks.

The Mubadala deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

With Mubadala's investment, Jio Platforms has raised Rs 87,655.35 crore from leading investors that include Facebook, Silver Lake Partners, Vista Equity Partners, General Atlantic and KKR.

Mubadala Investment Company is a sovereign investor managing a global portfolio for its shareholder, the Government of Abu Dhabi.

Mubadala manages a $229 billion portfolio in five continents with interests in multiple sectors including aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings across all asset classes.

(Disclosure:

Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

First Published:Jun 5, 2020 7:25 AM IST