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Abu Dhabi fund to pick 1.85% in Jio for ₹9,093 cr

Jun 05, 2020 09:41 IST

Abu Dhabi-based sovereign investor Mubadala Investment Company will buy 1.85% stake in Mukesh Ambani's Jio Platforms for ₹9,093 crore, RIL said on Friday. With the sixth deal, Jio has raised ₹87,655 crore by selling 18.97% of its stake in less than seven weeks. The latest transaction gives Jio Platforms an equity valuation of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.

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