Jio Platforms is set to raise Rs 13,640.4 crore by selling a 1.85% stake to Mubadala Investment Co., Abu Dhabi’s second-largest sovereign investor, and an additional 0.93% stake to US private equity player Silver Lake and its coinvestors. This is the sixth tranche of investments in six weeks for the digital and telecom business unit of Reliance Industries. The investment of Rs 9,093.6 crore from Mubadala is a fresh one and was announced early on Friday, and helped push the shares of RIL to an all-time high. The investment by Silver Lake was announced later in the day, and came exactly a month after it had bought a 1.15% stake early May for Rs 5,655.75 crore. The latest round takes the investment by Silver Lake and its coinvestors to Rs 10,202.55 crore for a 2.08% stake.

(Economic Times)