Abu Dhabi based investors Mubadula is investing 1.85% stake in Jio Platforms, for Rs 9,093.60 crores.
With this investment, Jio has raised Rs 87,655.35 crores from leading global technology and growth investors. This interest highlights Jio’s potential to become the dominant player in India’s digital economy.
Mukesh Ambani stated that Mubadala is one of the most transformational global growth investors who has partnered with Jio to propel India’s growth towards becoming a leading digital nation in the world. Also, Khaldoon Al Mubarak, CEO of Mubadala Investment Company emphasized on Jio’s network of investors and partners that will help in the development of connectivity.
Here is Mubadala’s tweet with the CEO speaking about the investment:
As part of our mandate to advance Abu Dhabi’s diversified, globally integrated economy, we invest across sectors that are driving global growth and addressing critical challenges. (1/2) pic.twitter.com/HarAjsHHpP
— Mubadala (@Mubadala) June 4, 2020