Intel Capital, Investment Arm of Intel Corporation, to Invest ₹ 1,894.50 Crore in Jio Platforms
(WorldNews India)

INTEL CAPITAL, INVESTMENT ARM OF INTEL CORPORATION, TO INVEST ₹ 1,894.50 CRORE IN JIO PLATFORMS INVESTMENT PROMOTES DELIVERY OF BREAKTHROUGH TECHNOLOGIES THAT ENRICH LIVES Mumbai, July 03, 2020: Reliance Industries Limited ("Reliance Industries") and Jio Platforms Limited ("Jio Platforms"), announced today that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital`s investment will translate into a 0.39% 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...