Abu Dhabi Investment Authority to invest Rs 5,683.50 cr in Jio Platforms

Reliance Industries Limited (RIL) and Jio Platforms Limited, on Sunday announced an investment of Rs 5,683.50 crore by a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). This investment values Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion. ADIA’s investment will translate into a 1.16% equity stakein Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs 97,885.65 crore from leading globalinvestors including Facebook, Silver  Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks.

Jio  Platforms, a wholly-owned subsidiary of  Reliance Industries, is a next-generation technology platform focused on providing  high-quality and  affordable  digital  services across India, with more than 388  million subscribers. Jio Platforms has made significant  investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain.