RIL to sell 1.16% in Jio to Abu Dhabi Investment Authority for Rs 5,684 cr

8th investment values firm at Rs 4.9 trn on equity value basis

Reliance Industries Limited (RIL) on Sunday announced 1.16 per cent stake sale in Jio Platforms, its digital services subsidiary, to Abu Dhabi Investment Authority for Rs 5,683.50 crore, as it accelerates its debt reduction plan.
 

This is the eighth investment in Jio Platforms in seven weeks and values the company at Rs 4.91 trillion on equity value basis. So far, RIL has raised Rs 97,885.65 crore through 21.06 per cent stake sale to seven marquee investors, including Facebook and private equity firms like KKR and General Atlantic.
 

RIL had a net debt of Rs 1.6 trillion as of March end.