Corporate

Reliance Jio to get Rs. 5,683 crore investment from Abu Dhabi Investment Authority

Reliance Jio is getting investment from Abu Dhabi Investment Authority (ADIA), Reliance Industries Limited (RIL) announced late-Sunday. ADIA is the latest in the growing list of investors which have found Reliance Jio’s future lucrative. ADIA will be investing Rs. 5,683.50 crore ($752 million) in Jio Platforms, the subsidiary of RIL that operates Reliance Jio and other Jio-branded services. This investment values Jio Platform at Rs. 4.91 lakh crore, same as last several rounds.

ADIA investment in Jio

ADIA joins the likes of Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, and Mubadala, all of which have invested significant money in Jio Platform over the last seven weeks. With ADIA’s investment, the total sum raised by Jio Platforms over the last several weeks reached Rs. 97,885.65 crore (nearly $13 billion). $752 million investment will get ADIA 1.16 percent stake in Jio Platforms.

Recent investments in Jio

Investor in JioInvestmentStake in Jio
FacebookRs. 43,574 crore9.9 percent
Silver Lake PartnersRs. 10,202.8 crore (2 rounds)2.08 percent
Vista Equity PartnersRs. 11,367 crore2.32 percent
General AtlanticRs. 6,598 crore1.32 percent
KKRRs. 11,367 crore2.32 percent
MubadalaRs. 9,093.60 crore1.85 percent
ADAIRs. 5,683.501.16 percent
Company Data

According to Reuters, ADIA has nearly $700 billion in assets and it is led by UAE’s president.

To recall, Reliance Jio went public on September 5, 2016, over nine months after its soft launch of RIL employees in December 2015. Thanks to its low prices and 4G technology, the telecom operator has become the top telecom operator in the country by subscribers in less than 5 years. It currently has over 375 million subscribers. All these investors are realizing the potential of its leadership in India’s telecom markets and the massive data it is sitting on, something that RIL chairman Mukesh Ambani very clearly knows.

Apart from offering voice and mobile broadband services, Jio also provides fibre-based broadband service, and devices under Jio and LYF brands. Additionally, Jio Platforms operates a number of apps and services, most of which are free to Jio subscribers.

The news of ADIA investment in Reliance Jio comes hot on the heels of the launch of Jio-Hotstar offer that bring free 1-year subscription of Disney+ Hotstar VIP to its prepaid subscribers, given they recharge with specific packs.

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