On Friday, Intel Capital, the investment arm of Intel announced investment of Rs.1,894.50 crores in Reliance Jio Platforms. Intel will invest in Jio Platforms at an equity rate of Rs.4.91 lakh crore with an enterprise value of Rs.5.16 lakh crore. After Intel’s investment, Reliance JIO’s total investment will rise by Rs.117,588.45 crore. Currently, Intel has joined the list of other 11 investors of JIO Platforms. Earlier, on June 22, Social Media giant Facebook had bought a 9.99% stake in the company for Rs.43,574 crore.
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Intel Capital to invest Rs.1,894.50 crore in Jio Platforms
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