Reliance Jio bags its 6th big investment in last two months as Abu Dhabi sovereign fund Mubadala Investment Company invests $1.2 billion for 1.85% stakes in the telecom platform Jio. A few hours post this development, its existing backer, General Atlantic infused another Rs 4546.80 crore for 0.93% stakes.

With the last two deals, the Mumbai-based company has raised about Rs 92,202.15 crore from six global giants in back to back deals by diluting a 19.9% total stake. The beginning of this investment spree started with Facebook in April when it bought 9.8% stakes for Rs 43,574 crore followed by Vista Equity, General Atlantic, KKR, Silver Lake and Mubadala.

This is the second tranche of investment that Jio has received from General Atlantic in a month bringing its total contribution to Rs 10.202.55 crore. It had earlier bought 1.15% stakes for about Rs 5655.75 crore on May 4.

Mubadala Investment Company is the second largest state investor after Abu Dhabi Investment Authority. The three-year old firm is a sovereign investor managing global portfolios managing worth $229 billion value of assets. The firm has investments in over 50 countries and owns more than 50 businesses. Its portfolio companies include aerospace, agribusiness, ICT, medical technology, semiconductors, among others.

Indian Telecom companies have been the center point of investment for major investors around the world in past few months. Vodafone Idea and Bharati Airtel are also supposedly in talks with giants like Google and Amazon respectively for potential investments. 

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