Home / Companies / News / Jio Platforms' 7th deal in less than 7 weeks: ADIA to invest Rs 5,683.50 cr

Jio Platforms' 7th deal in less than 7 weeks: ADIA to invest Rs 5,683.50 cr

With this investment, Jio Platforms has raised Rs 97,885.65 cr from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA.

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Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company

4 min read Last Updated : Jun 07 2020 | 8:42 PM IST

Reliance Industries on Sunday said it sold 1.16 per cent stake in its digital unit to Abu Dhabi Investment Authority (ADIA) for Rs 5,683.50 crore, taking the cumulative fund raising to Rs 97,885.65 crore that will help pare debt at the oil-to-telecom conglomerate.

"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 per cent equity stake in Jio Platforms on a fully diluted basis," the company said in a statement.

With this investment, Jio Platforms has raised Rs 97,885.65 crore from

Topics : Jio Reliance Jio RIL

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