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Mubadala buys 1.85 per cent stake in Jio for Rs 9,093.6 crore

The continuation of investment in the Jio Platform has not stopped. A total of Rs 87,655.35 crore has been invested in Jio platforms by a total of 6 large investors so far. First, Facebook came up with investment. Thereafter, the world’s leading investors, Silver Lake, Vista Equity Partners, General Atlantic, KKR, and now Mubadala Investment Company.

In the last 6 weeks, the company has received this sixth major investment

Abu Dhabi’s based Mubadala Investment Company has announced an investment of Rs 9,093.6 crore in Jio platforms for 1.85% equity.

There is an influx of foreign investors for investment in reliance (RIL) geo platforms. In the last six weeks, the company has received the sixth major investment. This time Abu Dhabi’s Mubadala Investment Company has announced an investment of $1.2 Billion in Jio platforms for 1.85% equity.

According to reliance, Abu Dhabi’s Mubadala Investment Company has decided to invest Rs 9,093.6 crore in exchange for a 1.85 percent stake in Jio. This is the sixth major foreign investment in Reliance Geo in the last six weeks. It may be noted that Geo Platforms is a subsidiary of Reliance Industries Limited. It is a “next-generation” technology company that is helping to make India a digital society.

For this, Geo’s flagship digital app, digital ecosystem, and India’s number #1 are working to bring together the high-speed connectivity platform.

This is the sixth big investment in six weeks

Earlier in Reliance’s Geo platform, Facebook, Silver Lake, Vista, General Atlantic, and KK had invested. These 5 companies jointly invested a total of Rs. 78,562 crores. Now, after the investment of more than nine thousand crore rupees of Mubadala, the total investment amount has gone up to Rs. 87,655 crores.

Mukesh Ambani expresses happiness

Reliance Industries (RIL) Chairman and managing director Mukesh Ambani have expressed happiness over the investment in the Geo platforms of Mubadala. “Through my long-standing relationship with Abu Dhabi, I have personally seen the impact of Mubadala’s work,” he said in a statement. We hope that the company will benefit from the experience of Mubadala. ‘

Mubadala expresses willingness to work with a high-growth company

Khaldoon Al Mubarak, managing director and group CEO of Mubadala Investment Company, said his company is committed to working and investing in high-growth companies. “We have seen how Geo has already transformed communication and connectivity in India. As an investor and partner, we are committed to supporting India’s digital development journey. With Jio’s network of investors and partners, we are confident that the company will pursue the development of the digital economy. ‘

18.97 percent investment so far

Let’s say reliance Geo Telecom Company also operates film, news, and music apps. So far, 18.97 percent of foreign investment has been made in the company.

What do you think?

Written by shubhampuranik

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