Abu Dhabi’s Mubadala buys 1.8% in Jio for Rs 9,094 crore

Abu Dhabi sovereign-wealth fund Mubadala has agreed to invest Rs 9,094 crore in Jio Platforms, marking the first Middle Eastern deal in the Mumbai-based digital-cum-telecom services company. Mubadala’s investment will give the fund a 1.85% stake in Jio Platforms, which has an enterprise value of Rs 5.16 lakh crore.