From SoftBank to Google's Waymo – all you need to know about Reliance Jio's latest investor Mubadala's investments

Mubadala logo
  • Mubadala has pumped in ₹9,093.60 crore for a 1.85% stake in Jio.
  • Mubadala Investment Company is a state-owned enterprise of the government of Abu Dhabi.
  • The company has investments interests across 15 sectors in over 50 countries.
  • Its assets under management are worth $229 billion, with $19 billion capital deployed in investments.
Mubadala Investments is the latest to invest in Mukesh Ambani’s Reliance Jio. The investment arm of Abu Dhabi government has pumped in ₹9,093.60 crore ($1.2 billion) for a 1.85% stake in Jio. With this, Jio Platforms has raised ₹ 87,655.35 crore from Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

And here’s all you need to know about Mubadala investments...

Who runs Mubadala?

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Mubadala was formed in 2017. Mubadala Investment Company is a state-owned enterprise of the government of Abu Dhabi. It’s built on the vision of the late Sheikh Zayed bin Sultan Al Nahyan, also known as the founding father of the United Arab Emirates.

With the crown prince Sheikh Mohammed bin Zayed Al Nahyan (also known as MBZ) as its chairman and Prime Minister Mansour bin Zayed bin Sultan bin Zayed bin Khalifa Al Nahyan as its vice chairman, the board of Mubadala consists of ministers from the state government.

Khaldoon Khalifa Al Mubarak is the CEO of Mubadala investments as well as Mubadala development company.

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“We have seen how Jio has already transformed communications and connectivity in India, and as an investor and partner, we are committed to supporting India's digital growth journey. With Jio’s network of investors and partners, we believe that the platform company will further the development of the digital economy,” said the CEO about the Jio investment.

Where does Mubadala invest?

The company has investments interests across 15 sectors in over 50 countries. The sectors range from infrastructure, petroleum, technology, manufacturing and mining, aerospace, renewables and Information Communication Technology. Its assets under management are worth $229 billion, with $19 billion capital deployed in investments.

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In 2019, the company had set up a tech hub called Hub71 in Abu Dhabi specifically for technology startups.

It also invests in real estate and owns 50% of the Viceroy hotel group in the US. It is also an investor in AMD, the Nasdaq-listed company that develops computer processors and related technologies. According to reports, Mubadala has invested $100 billion in the US.

In India, it has investments in the Gulf Energy Maritime – a Dubai-based petrochemical tanker company. In February 2020, it was reported that Mubadala was looking to invest in Tata Power’s infrastructure trust InvIT.

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In March 2020, Mubadala had led a $2.5 billion investment in Waymo – the self-driving company from Google’s parent company Alphabet.

Mubadala is also one of the leading investors in SoftBank’s Vision Fund. For SoftBank Vision Fund 1, the company had invested $15 billion. The sovereign investor is also the largest backer of InvestCorp – the Bahrain-based leading PE firm.

SEE ALSO:
Abu Dhabi's Mubadala to buy 1.85% stake in Ambani's Jio Platforms for ₹9093.6 crore
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