Reliance Industries and Jio Platforms on Friday announced that Intel Capital will invest Rs. 1,894.50 crores in Jio Platforms at an equity value of Rs. 4.91 lakh crores and an enterprise value of Rs. 5.16 lakh crores.
Reliance Industries and Jio Platforms on Friday announced that Intel Capital will invest Rs. 1,894.50 crores in Jio Platforms at an equity value of Rs. 4.91 lakh crores and an enterprise value of Rs. 5.16 lakh crores. Intel Capital’s investment will translate into a 0.39 percent equity stake in Jio Platforms on a fully diluted basis. Intel Capital joins the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount to Rs. 1,17,588.45 crores.
This is an unprecedented twelfth investment in Jio Platforms within eleven weeks (since 22nd April 2020).
Intel is one of the pioneering companies in the technology space and is admired and respected for its innovation.
With this investment, Jio Platforms has raised Rs. 1,17,588.45 crores from leading technology investors including Facebook, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, PIF, and Intel.
