Abu Dhabi Investment Authority to invest Rs 5,684 crore in Jio Platforms for 1.16% stake

[Android_Halwa]

Abu Dhabi Investment Authority (ADIA) will invest Rs 5,683.50 crore for a 1.16 percent stake in Jio Platforms, it was announced on Sunday. ADIA's fund infusion is eighth investment in Jio Platforms, the digital arm of Reliance Industries, over the past seven weeks.The ADIA deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

With the eight investments, the total amount invested in Jio Platforms now stands at Rs 97,886 lakh crore for 21.06 percent share in the telecom major.Abu Dhabi Investment Authority is a sovereign wealth fund of the Abu Dhabi emirate of the United Arab Emirates. ADIA manages a global investment portfolio that is diversified across more than two dozen asset classes and sub-categories.

Early Friday, Mubadala, which is also owned by Abu Dhabi, had announced a Rs 9,093.60 crore investment for a 1.85 percent stake.

On Friday, Silver Lake Partners also announced an additional Rs 4,547 crore investment for a further 0.93 percent stake in the telecom major, having invested earlier in May.

Facebook was the first to put its finger in the Jio Platforms pie with a Rs 43,574 crore ($5.7 billion) investment for a 9.99 percent stake. The investment made Facebook the largest minority shareholder in Jio Platforms and valued the RIL technology arm at Rs 4.62 lakh crore ($66 billion) pre-money enterprise value.

Subsequently, a number of American private equity players grabbed a slice in the digital subsidiary of the Indian conglomerate.

Private equity firm Silver Lake Partners announced a Rs 5,655.75 crore investment for 1.15 percent stake in early May. It was followed by Vista Equity Partners’ Rs 11,367 crore investment for a 2.32 percent stake.

General Atlantic announced a Rs 6,598.38 crore investment for a 1.34 percent stake in Jio Platforms mid-May. And it was followed by KKR, which announced an investment worth Rs Rs 11,367 crore for a 2.32 percent stake

 

[Android_Halwa]

22% stake ammi gujju saale gadu laksha kotlu vasool chesindu vaa....adi kuda 1 month la...almost $13 billion...

[AndhraneedSCS]

17 minutes ago, Android_Halwa said:

22% stake ammi gujju saale gadu laksha kotlu vasool chesindu vaa....adi kuda 1 month la...almost $13 billion...

he want to make RIL debt free 

[Android_Halwa]

Just now, AndhraneedSCS said:

he want to make RIL debt free 

emana ante anna antaru kani, emi peekedi vundi kaka debt free ayi ? 

RIL will use this money for further expansion and investment..JIO is still part of RIL ae kani separate entity avaledu..

ADNOC and RIL has agreement on peotroleum deals, straegic reserves kosam RIL tho dealing..and now Abhu Dhabi sovereign wealth fund  odu vachi RIL lo stake konadam..

eedu ekado baaga investment ki planning..anduke raising capital

[Silverado]

2 hours ago, Android_Halwa said:

22% stake ammi gujju saale gadu laksha kotlu vasool chesindu vaa....adi kuda 1 month la...almost $13 billion...

Good going ambani

Jio was revolution in telecom,bada babbulu okapudu India lo 4g 1 GB data use chestollu but now every teenager using

[pittagoda]

I think BSNL will closed and they all know it so investing before hand. Thanks Bodi.

[Android_Halwa]

Just now, pittagoda said:

I think BSNL will closed and they all know it so investing before hand. Thanks Bodi.

BSNL will never be closed, it has lucrative other businesses. Mobile business is one of the many...