Intel Capital to invest Rs 1,894 crore in Reliance Jio

Intel Corp will invest Rs 1,894.5 crore in Jio Platforms in exchange for a 0.39 percent stake, Reliance Industries said in a BSE filing. This is the 12th such investment in 11 weeks.

“Intel Capital will invest Rs 1,894.50 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39 percent equity stake in Jio Platforms on a fully diluted basis,” Reliance Industries and Jio Platforms said in a joint statement.

The deal with Intel takes the total stake that Reliance sold in Jio Platforms to 25.09 percent.