On the 4th of June, the Reliance Industries Limited (RIL) signed a deal with Abu Dhabi based Mubadala Investment Company.
The Mubadala Investment Company on the 4th of June, announced an investment of ₹9,093.60 crore into Jio platforms and bought 1.85 % shares of the RIL. The investment increased the equity value of Jio Platforms to Rs. 4.91 lakh crores and an enterprise value to Rs. 5.16 lakh crores.
On the 5th of June, the shares of Reliance Industries rose by 2% to ₹1617.70 in early trade share market.
With this investment, Mukesh Ambani’s Jio raised a global investment of Rs. ₹87,655.35 crores from investors from Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and now Mubadala.
Mukesh Ambani, the Chairman and Managing Director of RIL said, “Through my longstanding ties with Abu Dhabi, I have personally seen the impact of Mubadala’s work in diversifying and globally connecting the UAE’s knowledge-based economy. We look forward to benefiting from Mubadala’s experience and insights from supporting growth journeys across the world.”
The Mubadala deal is the 6th deal in just 6 weeks, which raised the market price of Reliance Industries Limited, especially, when the economic situation fell down due to the lockdown.
According to the sensex, the shares of RIL on the 4th of June closed at Rs. 1,579.95 on the Bombay Stock Exchange with a gain of Rs. 37.50 or 2.43 % over the previous day close.
Stay tuned for further updates.