ADIA Invests ₹5,683.5 Crore In Jio Platforms, Stakes 1.16 PC Equity
Mumbai: Reliance Industries Limited and Jio Platforms Limited on Sunday announced an investment of ₹5,683.50 crore by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
With this investment, Jio Platforms has raised ₹ 97,885.65 crore from global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in seven weeks.
Now Jio Platforms has an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. ADIA’s investment will translate into a 1.16% equity stake in Jio Platforms, according to amedia release of Jio.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “I am delighted that
ADIA, with its track record of more than four decades of successful long-term value investing across
the world, is partnering with Jio Platforms in its mission to take India to digital leadership and
generate inclusive growth opportunities.”
Established in 1976, ADIA is a globally-diversified investment institution that invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. Speaking on Jio investment, Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, said, “Jio Platforms is at the forefront of India’s digital revolution, poised to benefit from major socioeconomic developments. Our investment in Jio is a demonstration of ADIA’s ability to draw on deep regional and sector expertise to invest globally in market leading companies and alongside proven partners.”