InvestorQ : How much has the Abu Dhabi based Mubadala invested in Jio Platforms?
Neelam Naik made post

How much has the Abu Dhabi based Mubadala invested in Jio Platforms?

Answer
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Priyanka N answered.
3 months ago


The Abu Dhabi based sovereign fund, Mubadala, became the latest to join the Jio Platform investor bandwagon. Mubadala’s invested Rs.9093 crore to pick up a 1.85% stake in Jio Platforms, the digital property of the Reliance group. With this sale, RIL has managed to place up to 19.2% in Jio Platforms for a total consideration of Rs.87,655 crore. This should put RIL on target for their 20% stake sale towards becoming zero net debt by March 2021. It began with a 10% stake sale to Facebook. That was followed up with stake sale to marquee PE funds like Silver Lakes, Vista Equity, KKR, General Atlantic Partners with the latest being Mubadala of Abu Dhabi.