After Facebook's investment in JIO now JIO Platforms Ltd & Reliance Industries Ltd announced an investment
of ₹ 5,683.50 crore by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
Jio will bring transformational changes in the Indian digital services and enable the vision of Digital India for 1.3 billion Indians and propel India into global leadership in the digital economy.
This investment will value Jio Platforms of ₹ 4.91 lakh crore and the enterprise value
of ₹ 5.16 lakh crore and ADIA will hold 1.16% equity stake in JIO Platforms.
After this investment now the total fund raised by the JIO from various foreign investors becomes ₹ 97,885.65 crore in couple of weeks
Jio Platforms is a platform which focused on providing high-quality and affordable digital services across India and now it has more
than 388 million subscribers.
It has created an eco-system comprising of network, devices, applications and content, platforms, service experience and affordable tariffs for everyone to live the Jio Digital Life.
Jio has made significant investments in broadband connectivity, smart devices,
cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented
and mixed reality and blockchain.
Vision of JIO is to enable a Digital India for 1.3 billion people and
businesses across the country, including small merchants, micro-businesses and farmers so that all
of them can enjoy the fruits of inclusive growth.
Whereas ADIA is a globally-diversified investment institution that prudently invests funds
on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.
ADIA manages a global investment portfolio that is diversified across more than two dozen asset
classes and sub-categories.
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Mukesh Ambani said that i am delighted that
ADIA, with its track record of more than four decades of successful long-term value investing across
the world,
ADIA is partnering with Jio Platforms in its mission to take India to digital leadership and
generate inclusive growth opportunities and their this investment is a strong endorsement for our strategy
and India’s potential.
ADIA has invested in private equity since 1989 and has built a significant internal team of specialists
with experience across asset products, geographies and sectors.
As ADIA has extensive relationships across the industry, and its Private Equities Department invests in private equity and credit products globally.
This investment in Jio is a further demonstration of ADIA’s ability to draw on deep regional and sector expertise to invest globally in market leading companies and alongside proven partners.
Their philosophy of investment is to build long-term, collaborative relationships with its partners
and company management teams to maximize value and support the implementation of agreed
strategies.
Finally JIO as part of its
customer offers, has revolutionized the Indian telecom landscape by making voice calls for Jio
customers absolutely free across India to any network and makes India the highest
quality, most affordable data market in the world so that every Indian can do fulfill his dreams in current digital world.
Click here for full announcement
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