Reliance Industries Limited (RIL) on Friday announced that Abu Dhabi-based investor Mubadala Investment Company (Mubadala) will invest 9,093.60 crore in Jio Platforms. With this investment, RIL's Jio platforms have raised 87,655.35 crore from foreign investors in less than six weeks. So far, companies such as Facebook, Silver Lake, Vista Equity Partners, General Atlantic, and KKR have invested in the Jio platforms.

Reliance said Mubadala's investment in Jio Platform is at an equity value of ?4.91 lakh crore and an enterprise value of ?5.16 lakh crore. Mubadala's investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis. The valuation is similar to other private equity investments in Jio platforms thus far.

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Abu Dhabi-based Mubadala manages a $229 billion portfolio in five continents with interests in multiple sectors such as aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, 'I am delighted that Mubadala, one of the most astute and transformational global growth investors has decided to partner us in our journey to propel 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 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 and Group CEO, Mubadala Investment Company, said: '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.'

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