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Intel Capital invests Rs 1,894 crore for a 0.39% stake in Jio Platforms

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

Topics
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.

Capital will invest Rs 1,894.50 crore in Reliance Industries' Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion for a 0.39 per cent stake, said the two 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.

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

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