In total, Jio has secured $15.5bn by selling a nearly 25 percent stake since April this year, making Intel Capital the 12th investor
Adding another investor to a series of leading firms that have recently invested in Jio Platforms Limited, the company announced on Friday that it has secured a funding of $253.5m from Intel Capital, the investment division of the US-based Intel Corporation, for a 0.39 percent stake.
In total, Reliance Industries Limited (RIL) subsidiary has raised $15.5bn by selling a 25.09 percent stake since April this year. Intel Capital became the 12th company to invest in Jio Platforms in less than three months.
Emphasizing on the deal’s potential to further India’s technological capabilities, Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said in a statement: “We are extremely delighted to deepen our ties with technology leaders that embody our vision of transforming India into a leading Digital Society in the world.
