Everything you need to know about Reliance Jio and Intel Capital's ₹1,894.50 crore deal
If that rings a bell, it is because Intel Capital is the investment arm of Intel Corporation, which is better known for its processors in PC devices.
Just when we thought Reliance Jio is done raising over ₹68 lakh crore in 58 days, the company announced yet another investment. This time it's Intel Capital that is investing in Jio Platforms. If that rings a bell, it is because Intel Capital is the investment arm of Intel Corporation, which is better known for its processors in PC devices. This move comes a few days after the company's PIF investment of ₹11,367 crore last month.
While we have already talked about the Jio-Intel Capital deal in detail, here's making things a bit more easier for you. These are the top five things you need to know about Jio's latest investment.
-Intel Capital has invested ₹1,894.50 crore in Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.
-The investment will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis.
-The investment of ₹1,894.50 crore in Jio Platforms takes the total investment amount to ₹117,588.45 crore.
-Intel Capital invests in companies with a focus on technology areas like cloud computing, artificial intelligence and 5G – a segment where Jio is also innovating and investing for growth.
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-Intel Capital is the investment arm of Intel Corporation, which is better known for its processors and was recently in the news regarding the Apple-ARM move for the new Mac devices.
-Intel has had an existence in India for more than 20 years and employs thousands of employees there with state-of-the-art design facilities in Bengaluru and Hyderabad.
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