Everything you need to know about Reliance Jio and Intel Capital's ₹1,894.50 crore deal | HT Tech

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.

By: HT TECH
| Updated on: Jul 03 2020, 10:28 IST
Intel Capital has invested more than  <span class='webrupee'>₹</span>1,000 crores in Reliance Jio platforms.
Intel Capital has invested more than 1,000 crores in Reliance Jio platforms. (HT Tech)

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.

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-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.

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-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.

Also read: JioMeet video conferencing platform launched in India

-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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First Published Date: 03 Jul, 09:29 IST
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