Friday, 24 March, 2023

Intel Capital invests Rs 1,894.50 cr in Reliance Jio Platforms

<p>Intel Capital has invested Rs 1,894.50 cr, acquiring 0.39% equity stake in Jio Platforms. Its equity value is Rs 4.91 L cr, enterprise value is Rs 5.16 L cr. This is the 12th investment Reliance Jio has bagged in 11 weeks. Total investment, including that from Facebook, KKR, Mubadala etc, adds up to Rs 117,588.45 crore. Together they aim to improve India&rsquo;s digital sector, economy. Intel Capital has strategic global investments in 5G, AI, cloud areas.</p>