Reliance Jio has announced that Mubadala, a leading 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. Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis.
Jio also said that Silver Lake and its co-investors will invest an additional Rs. 4,546.80 crore in Jio Platforms, in addition to the Rs. 5,655.75 crore of investment by Silver Lake announced last month.
This brings the aggregate investment by Silver Lake and its co-investors to Rs. 10,202.55 crore. Silver Lake’s investment values Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore, and will translate into a 2.08% equity stake in Jio Platforms on a fully diluted basis.
With this investment, Jio Platforms has raised Rs. 92,202.15 crore from leading technology investors including Facebook (Rs. 43,574 crore), Vista Equity Partners (Rs. 11,367 crore), General Atlantic (Rs. 6,598.38 core) and KKR (Rs. 11,367 crore) in less than six weeks.
These transactions are subject to regulatory and other customary approvals.