Intel Capital invests ₹1,894 crore in Jio Platforms

Intel

Reliance Industries Limited and Jio Platforms Limited stated today that Intel Capital will finance ₹ 1,894.50 crores in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise price of ₹ 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39% equity stake in Jio Platforms on an entirely diluted base.

The agreement with Intel Capital — which is the 12th such investment in 11 weeks —takes the total stake that RIL sold in Jio Platforms to 25.09 percent.
Intel Capital joins the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount to ₹ 117,588.45 crores.

Jio Platforms, a fully-owned subsidiary of Reliance Industries, has more than 388 million contributors. Jio Platforms has made notable investments over its digital ecosystem, powered by leading technologies crossing broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, expanded and mixed reality and blockchain.

“We are thrilled to develop our relations with technology leaders that comprise our idea of transforming India into a chief Digital Society in the world. Intel is a true industry leader, serving towards creating world-changing technology and innovations. Intel Capital has an excellent record of being a valuable partner for leading technology companies globally, announced Mukesh Ambani, CMD of Reliance Industries.

LEAVE A REPLY

Please enter your comment!
Please enter your name here