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RIL gains 1% as Intel Capital to invest Rs 1,894 crore in Jio Platforms

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.

Reliance Industries
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RIL is scheduled to hold its first virtual annual general meeting of shareholders on July 15.

SI Reporter New Delhi
Shares of Reliance Industries (RIL) gained as much as 1.4 per cent to Rs 1,785.65 apiece on the BSE on Friday after the company announced Intel Capital will invest Rs 1,894.50 crore in its 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. 

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. READ MORE

At 09:21 am, the stock was trading 1 per cent higher at