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Mubadala to invest Rs 9,093.60 crore in Reliance Industries’ arm

05 Jun 2020 Evaluate

Mubadala Investment Company (Mubadala) is planning to invest Rs 9,093.60 crore in Jio Platforms, a whollyowned subsidiary of Reliance Industries, at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Mubadala’s investment will translate into a 1.85% equity stake in Jio Platforms on a fully diluted basis.

With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1179.30
Indian Oil Corpn. 127.30
Bharat PetroleumCorp 286.75
HPCL 330.60
MRPL 172.20
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