The lockdown has been implemented in different phases since March 25. In this lockdown, Reliance Industries' telecom company Jio has received 6 major foreign investments one after the other and this time the company of Abu Dhabi has invested in Reliance Jio. According to the information, Abu Dhabi-based Company Mubadala will buy 1.85 percent stake in Reliance Jio and this deal is worth 9,093.60 crore.
Reliance Jio said in a statement that Mubadla Investment Company will invest Rs 9,093.60 crore in the Jio platform, for this, the equity value is 4.91 lakh crore rupees and the enterprise value is 5.16 lakh crore rupees. At the same time, Reliance Industries Chairman Mukesh Ambani said in a statement, 'Through my long-time relationship with Abu Dhabi, I have personally seen the impact of Mubadla's work and we hope that the company will be benefited from Mubadla's experience. '
Khaladun Al Mubarak, managing director of Mubadla Investment Company, said that Jio has already changed communication and connectivity in India, as an investor and partner, we are committed to support India's digital development journey.
Let us tell you that this is the sixth deal by Reliance in the last few weeks, through which a total of Rs 87,655.35 crore has been raised so far. Prior to Mubadla, Facebook, Silver Lake, Vista Equity Partners, General Atlantic and KKR have announced investments in the company. In this way, Jio has sold about 19 percent of its stakes, whereas the amount of investment made by these companies or investors will help Reliance Industries to become debt free.
