India Post News Paper

Blog

 Breaking News

Abu Dhabi-based Mubadala invests Rs 9,093 cr in Jio Platforms

Abu Dhabi-based Mubadala invests Rs 9,093 cr in Jio Platforms
June 05
10:58 2020

MUMBAI: Reliance Industries Ltd on Friday announced that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

“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 knowledge-based economy. We look forward to benefiting from Mubadala’s experience and insights from supporting growth journeys across the world,” said Mukesh Ambani, Chairman and Managing Director of Reliance Industries.

With more than 388 million subscribers, Jio Platforms has made significant investments across its digital ecosystem, powered by leading technologies.

Jio’s vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive growth, the company said in a statement.

“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,” said Khaldoon Al Mubarak, Managing Director and Group CEO, Mubadala Investment Company.

“With Jio’s network of investors and partners, we believe that the platform company will further the development of the digital economy,” he added.

Comments

comments

About Author

India Post Newspaper

India Post Newspaper

Refresh yourself every morning with India Post news coverage, videos & photos in India Post News Paper. Check out the news stories from India and the World.

Related Articles

EPAPER – LATEST EDITION – July 01st, 2022

ADVERTISEMENT – ZEE5

ZEE 5 Dhakaad

ADVERTISEMENT – CALTRANS

Caltrans Near Me

ADVERTISEMENT – SHEA HOMES

Shea Homes

ADVERTISEMENT – SKYRIVER CASINO

Skyriver Casino 2022

ADVERTISEMENT – 22BET

22Bet Casino

DROUGHT EMERGENCY – WATER USE RESTRICTIONS

DROUGHT EMERGENCY - WATER USE RESTRICTIONS

POPULAR CATEGORIES

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

Download Media Kit

India Post Media Kit