Jio Platforms raises Rs 5,683 crore from ADIA

Reliance Industries (RIL) announced Abu Dhabi Investment Authority (ADIA) will make an investment of Rs 5,683.50 crore for picking up 1.16 percent equity stake in Jio Platforms.
This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

With this investment, Jio Platforms has raised Rs 97,885.65 crore from investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks.