Deal Street

June 08, 2020

Mega investments continue as Mubadala buys stake in Jio Platforms; AZB & Partners advise Jio in the venture

[ by Legal Era News Network ]


The latest investor in Jio Platforms – Mubadala Investment Company (Mubadala) – Abu Dhabi-based sovereign investor has invested Rs. 9,093.60 crore in Jio Platforms at an equity value of Rs. 4.91 lakh crore and an enterprise value of Rs. 5.16 lakh crore.

According to BSE Press Release, Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis.

Mubadala’s Ventures business currently manages several venture funds in the United States, Europe and Middle East. Mubadala’s portfolio spans advanced manufacturing, semiconductors, metals & mining, pharmaceutical and medical technology, renewable energy and utilities, and the management of diverse financial holdings.

In the Press Release, Khaldoon Al Mubarak, Managing Director and Group CEO, Mubadala Investment Company states, “We are committed to investing in, and actively working with, high growth companies which are pioneering technologies to address critical challenges and unlock new opportunities. We have seen how Jio has already transformed communications and connectivity in India, and as an investor and partner, we are committed to supporting India's digital growth journey. With Jio’s network of investors and partners, we believe that the platform company will further the development of the digital economy.”

With this investment, Jio Platforms has raised Rs. 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks. The AZB & Partners team comprised of Partners – Ashwath Rau, Nilanjana Singh and Bharat Budholia and Senior Associate – Gaurav Bansal.

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