Intel invests Rs 1\,894 crore for a 0.30% stake in Jio Platforms

Intel Capital invests Rs 1,894 crore for a 0.30% stake in Jio Platforms

This will be the twelfth big ticket investment in the firm in less than three months

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Reliance Jio | Intel | Mukesh Ambani

BS Web Team  |  New Delhi 

This is the second time the Mukesh Ambani-led RIL has changed the bidding date; the new date is November 15
Intel Capital’s investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis.

Intel Capital will invest Rs 1,894.50 crore in Reliance Industries' Jio Platforms for a 0.39 per cent stake, said the two companies on Friday.

This will be the twelfth international deal for Reliance's digital arm in less than three months, taking the total investment amount to Rs 117,588.45 crore.

"Excited to work together with Intel to advance India’s capabilities in cutting-edge technologies that will empower all sectors of our economy and improve the quality of life of 1.3 billion Indians," said RIL Chairman Mukkesh Ambani.

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First Published: Fri, July 03 2020. 08:21 IST