Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms for 0.39% at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore.
“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. Intel is a true industry leader, working towards creating world-changing technology and innovations. Intel Capital has an outstanding record of being a valuable partner for leading technology companies globally. We are therefore excited to work together with Intel to advance India’s capabilities in cutting-edge technologies that will empower all sectors of our economy and improve the quality of life of 1.3 billion Indians," Mukesh Ambani, CMD of Reliance Industries said.