comscore Jio Platforms gets 6th deal, Mubadala to invest Rs 9093 crore | BGR India
News

Jio Platforms gets 6th major deal as Mubadala to invest Rs 9093 crore for 1.85% stake

The latest deal takes the total amount of investment raised by Jio Platforms in six weeks to Rs 87,655.35 crore.

  • Published: June 5, 2020 8:30 AM IST
Reliance Jio AGM 2019 main

Jio Platforms has managed to get its sixth major deal in as many weeks. Mubadala Investment Company, a sovereign fund from Abu Dhabi will be investing Rs 9093.6 crore in Jio Platforms in exchange for 1.85 percent. After major moves from other companies including Facebook, the deal with Mubadala shows how Jio Platforms is shaping up as an eye-catching investment opportunity. Also Read - Reliance Jio 4X Benefit offer announced on recharges of Rs 249 and above; check details

Mubadala manages a global portfolio for its shareholder, the Government of Abu Dhabi. The company manages about USD 229 billion in assets, at an enterprise value of Rs 5.16 lakh crore and an equity value of Rs 4.91 lakh crore. It operates in five continents with interests in multiple sectors including aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings across all asset classes. Also Read - Reliance JioFiber new plans offer up to 15,000 GB data benefits; check details

Watch: Top smartphones under Rs 20,000 in India right now

Reliance Jio: The six major deals so far

Jio Platforms now has sold a combined stake of 18.97 percent in the six major deals so far. This began with Facebook Inc investing Rs 43,574 crore to buy 9.99 percent on April 22. Then Silver Lake Partners invested Rs 5,655.75 crore for 1.15 percent. This was followed by Vista Equity Partners which invested Rs 11,367.00 crore in Reliance Jio for 2.32 percent. Also Read - Reliance Jio, Bharti Airtel launch new 50GB Work From Home 4G data vouchers for Rs 251

Soon after, General Atlantic invested Rs 6,598.38 crore in the company for another 1.34 percent. KKR then invested Rs 11,367 crore for 2.32 percent. And now, Abu Dhabi’s Mubadala has invested Rs 9093.6 crore for 1.85 percent. The latest deal takes the total amount of investment raised by Jio Platforms in six weeks to Rs 87,655.35 crore, as per a statement by RIL.

Perhaps the strong attraction towards Jio Platforms can be attributed to a few key points. The company is one of the top representatives for India’s digital potential. Its quick success has shown that the company also understands how the Indian market works.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel.
  • Published Date: June 5, 2020 8:30 AM IST



new arrivals in india

OnePlus 8T
OnePlus 8T

42,999

Samsung Galaxy F41
Samsung Galaxy F41

15,499

Apple iPhone 12 Pro Max
Apple iPhone 12 Pro Max

1,29,900

Apple iPhone 12 Pro
Apple iPhone 12 Pro

1,19,900

Apple iPhone 12 Mini
Apple iPhone 12 Mini

69,900

Apple iPhone 12
Apple iPhone 12

79,900

Poco X3
Poco X3

16,999

Realme Narzo 20A
Realme Narzo 20A

8,499

Realme Narzo 20
Realme Narzo 20

10,499

Realme Narzo 20 Pro
Realme Narzo 20 Pro

14,999

Oppo F17
Oppo F17

17,990

Samsung Galaxy M51
Samsung Galaxy M51

24,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Xiaomi Redmi 9A
Xiaomi Redmi 9A

6,799

Vivo Y20
Vivo Y20

12,990

Xiaomi Redmi 9
Xiaomi Redmi 9

8,999

Nokia 5.3
Nokia 5.3

13,999

Motorola Moto G9
Motorola Moto G9

11,499

Realme C15
Realme C15

9,999

Realme C12
Realme C12

8,999

Samsung Galaxy Note 20
Samsung Galaxy Note 20

77,999

Xiaomi Redmi 9 Prime
Xiaomi Redmi 9 Prime

9,999

Oppo Reno4 Pro
Oppo Reno4 Pro

34,990

Samsung Galaxy M01 Core
Samsung Galaxy M01 Core

5,499

Realme 6i
Realme 6i

12,999

Asus Rog Phone 3
Asus Rog Phone 3

49,999

OnePlus Nord
OnePlus Nord

24,999

Infinix Smart 4 Plus
Infinix Smart 4 Plus

7,999

Xiaomi Redmi Note 9
Xiaomi Redmi Note 9

11,999

Samsung Galaxy M01s
Samsung Galaxy M01s

9,999

Vivo X50 Pro 5G
Vivo X50 Pro 5G

49,990

Vivo X50 5G
Vivo X50 5G

34,990

Realme C11
Realme C11

7,499

Poco M2 Pro
Poco M2 Pro

13,999

Realme X3
Realme X3

24,999

Realme X3 SuperZoom
Realme X3 SuperZoom

27,999

Tecno Spark Power 2
Tecno Spark Power 2

9,999

Oppo A12
Oppo A12

9,990

Oppo A52
Oppo A52

16,990

Samsung Galaxy A21s
Samsung Galaxy A21s

15,999

Oppo Find X2
Oppo Find X2

64,990

Motorola One Fusion Plus
Motorola One Fusion Plus

17,499

Samsung Galaxy A31
Samsung Galaxy A31

20,999

Samsung Galaxy M01
Samsung Galaxy M01

8,999

Samsung Galaxy M11
Samsung Galaxy M11

10,999

Infinix Hot 9 Pro
Infinix Hot 9 Pro

9,999

LG Velvet
LG Velvet

Price Not Available

Xiaomi Mi Note 10 Lite
Xiaomi Mi Note 10 Lite

Price Not Available

Apple iPhone SE 2020
Apple iPhone SE 2020

42,500

Honor 30 Pro
Honor 30 Pro

Price Not Available

Honor 30
Honor 30

Price Not Available

OnePlus 8
OnePlus 8

44,999

OnePlus 8 Pro
OnePlus 8 Pro

54,999

Xiaomi Redmi Note 9 Pro
Xiaomi Redmi Note 9 Pro

13,999

Motorola Moto E4
Motorola Moto E4

8,999

Samsung Galaxy On Max
Samsung Galaxy On Max

9,775

nubia N2
nubia N2

15,999

Karbonn K9 Kavach 4G
Karbonn K9 Kavach 4G

5,290

Motorola Moto C Plus
Motorola Moto C Plus

6,999

Best Sellers