Wednesday, June 16, 2021
Home Technology Intel Capital to invest Rs.1,894.50 crore in Jio Platforms

Intel Capital to invest Rs.1,894.50 crore in Jio Platforms

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.

Read More – Hindustan Times | Live Mint | Business Line

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Swapnil Surwade
Conter Writer - News, Research Content, Web Content Writing, Content writer @Headline Hindi @Headline Network