Jio gets eighth investment in Corona period, about 1 lakh crores in 50 days

In Reliance Industries’ Jio Platforms, the Abu Dhabi Investment Authority (AIDA) has invested Rs 5,683.50 crore.

• Abu Dhabi Investment Authority invested 5,683 crore in Jio
• This is the eighth investment in Jio in less than seven weeks

The lockdown continues with the investment in Reliance Industries’ telecom platform Jio. The latest investment has been done by the Abu Dhabi Investment Authority (AIDA). According to news agency PTI, the Abu Dhabi Investment Authority has invested Rs 5,683.50 crore for a 1.16 percent stake in Jio Platforms.

 Eighth Investment in Jio

This is the eighth investment in Jio in less than seven weeks. With this, the total investment in Jio has reached close to Rs 1 lakh crore within 47 days. Giving information about the new investment, Reliance Industries said that in this deal, the share valuation of Jio Platforms was Rs 4.91 lakh crore and the venture valuation was Rs 5.16 lakh crore.

Mukesh Ambani said this

Mukesh Ambani, chairman and managing director of Reliance Industries said, “I am delighted that the Abu Dhabi Investment Authority is partnering with Jio Platforms with a track record of four decades of investment success.” He is a partner in Jio’s mission, which creates digital leadership and inclusive growth opportunities for India. This investment is a symbol of our strategy and confidence in India’s ability. “

At the same time, Hamad Shahwan Aldaheri, an officer of the Abu Dhabi Investment Authority, said, “Jio platforms is at the forefront of India’s digital revolution. Our investment in Jio reflects our deep understanding and expertise in investing in market leading companies. “

Deal of over 21% stake

Reliance Industries has so far entered into deals to sell 21.06 per cent stake in Jio Platforms, bringing the company to Rs 97,885.65 crore. Earlier companies like Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala have invested in Jio platforms.

Facebook bought 9.99 percent stake

Facebook purchased a 9.99 percent stake in Jio Platforms for Rs 43,574 crore on 22 April. A few days after the deal, the world’s largest tech investor, Silver Lake, bought a 1.15 percent stake in Jio Platforms for Rs 5,665.75 crore. Subsequently, on May 8, US-based Vista Equity Partners bought a 2.32 percent stake in Jio Platforms for Rs 11,367 crore. Global equity firm General Atlantic acquired a 1.34 percent stake in the company on May 17 for Rs 6,598.38 crore.

KKR deals for Rs 11,367 crore

At the same time, American equity investor KKR bought a 2.32 percent stake for Rs 11,367 crore. Last week on Friday, Abu Dhabi’s Savren investor Mubadala and private investment company Silver Lake also invested. Mubadala invested Rs 9,093.60 crore for a 1.85 percent stake in Jio Platforms, while Silverlake made a new investment of Rs 4,546.80 crore for an additional 0.93 percent stake in Jio Platforms. With this, the total investment by Silver Lake in Jio platforms is Rs 10,202.55 crore and the total stake is 2.08 percent.