Jio Platforms Grabs 8th Investment; ADIA to Pour Rs.5,684 Crore for 1.16 Percent Stake

Within just seven weeks, Jio Platforms has grabbed funding from seven global investors in eight rounds. Abu Dhabi-based Abu Dhabi Investment Authority (ADIA) is all set to infuse Rs.5,684 crore for a stake of 1.16 percent. This takes the total investments in various rounds to Rs.97,885.65 crore for total stake of 21.06 percent from various investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA. ADIA’s deal values Jio Platforms at an equity value of Rs.4.91 lakh crore and an enterprise value of Rs.5.16 crore.

Early Friday, Abu Dhabi-based another sovereign fund Mubadala announced a Rs.9,093.60 crore investment for a stake of 1.85 percent, while the existing investor Silver Lake also announced an additional Rs.4,547 crore investment for an additional stake of 0.93 percent.

Mukesh Ambani, Chairman and Managing Director, RIL, said in a statement, “I am delighted that ADIA, with its track record of more than four decades of successful long-term value investing across the world,is partnering with Jio Platforms in its mission to take India to digital leadership and generate

I am delighted that ADIA with its track record of more than four decades of successful long term value investing across the world is partnering with Jio Platforms in its mission to take India to digital leadership and generate inclusive growth opportunities

inclusive growth opportunities. This investment is a strong endorsement of our strategy and India’s potential”.

ADIA’s Executive Director Hamad Shahwan Aldhaheri said, “Jio Platforms is at the forefront of India’s digital revolution, poised to benefit from major socioeconomic developments and the transformative effects of technology on the way people live and work. The rapid growth of the business, which has established itself as a market leader in just four years, has been built on a strong track record of strategic execution. Our investment in Jio is a further demonstration of ADIA’s ability to draw on deep regional and sector expertise to invest globally in market leading companies and alongside proven partners”.

Founded in 1976, ADIA makes investments on behalf of the Government of Abu Dhabi with a focus on long-term value creation. It has a global, diversified portfolio across more than two dozen asset classes and sub-categories.