Intel to invest Rs 1,894.5cr in Jio Platforms

Reliance Industries (RIL) announced on Friday that Intel Capital will invest Rs 1,894.5 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. Jio Platforms is a wholly-owned subsidiary of RIL. Intel Capital’s investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis.

from Times of India https://ift.tt/2C4j3FX