RIL gains as Jio receives 12th cheque worth Rs 1,895 crore

NEW DELHI: Shares of Reliance Industries advanced over 1 per cent in Friday’s trade after the oil-to-telecom major announced the twelfth major deal in its telecom venture Jio Platforms, amounting to Rs 1,895 crore for a 0.39 per cent stake.

As per exchange filing, the US semiconductor giant 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.

The cheque took the total investment amount in Reliance’s digital arm to Rs 117,588.45 crore since April 22.

Recently, RIL announced a Rs 11,367 crore deal with Jio Platforms. Before that it announced two deals in a single day worth Rs 6,441.30 crore from global alternative asset firm TPG (Rs 4,546.80 crore) and L Catterton (Rs 1,894.50 crore).