Intel Capital invests ₹1,894.50 crore in Jio Platforms, total investments now add up to ₹117,588.45 crore | HT Tech

Intel Capital invests 1,894.50 crore in Jio Platforms, total investments now add up to 117,588.45 crore

Intel Capital is going to invest 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.

By: HT TECH
| Updated on: Jul 03 2020, 09:17 IST
Reliance Jio's deal spree started with the  <span class='webrupee'>₹</span>43,573.62 crore deal with Facebook on April 22. Jio Platforms then brought in investments from Silver Lake, Vista, General Atlantic, KKR, Mubadala etc.
Reliance Jio's deal spree started with the 43,573.62 crore deal with Facebook on April 22. Jio Platforms then brought in investments from Silver Lake, Vista, General Atlantic, KKR, Mubadala etc. (REUTERS)

Intel Capital, the investment arm of Intel Corporation, is going to invest 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. This deal translates into a 0.39% equity stake in Jio Platforms in a fully diluted basis.

With Intel Capital coming on board, the total investment raked in by Reliance Jio has now been pushed up to 117,588.45 crore.

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Reliance Jio's deal spree started with the 43,573.62 crore deal with Facebook on April 22. Jio Platforms then brought in investments from Silver Lake, Vista, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton etc. The last firm to invest in Jio Platforms before Intel Capital came in was PIF with a 11,367 crore investment. 

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With Intel Capital coming on board, the total investment raked in By Reliance Jio has now been pushed up to  <span class='webrupee'>₹</span>117,588.45 crore. Here's the full break up. 
With Intel Capital coming on board, the total investment raked in By Reliance Jio has now been pushed up to 117,588.45 crore. Here's the full break up.  (Jio)
image caption
With Intel Capital coming on board, the total investment raked in By Reliance Jio has now been pushed up to 117,588.45 crore. Here's the full break up.  (Jio)

“We are extremely delighted to deepen our ties with technology leaders that embody our vision of transforming India into a leading Digital Society in the world. Intel is a true industry leader, working towards creating world-changing technology and innovations. Intel Capital has an outstanding record of being a valuable partner for leading technology companies globally. We are therefore excited to work together with Intel to advance India's capabilities in cutting-edge technologies that will empower all sectors of our economy and improve the quality of life of 1.3 billion Indians,” said Mukesh Ambani, chairman and managing director of Reliance Industries, speaking about the latest deal.

“Jio Platforms' focus on applying its impressive engineering capabilities to bring the power of low-cost digital services to India aligns with Intel's purpose of delivering breakthrough technology that enriches lives. We believe digital access and data can transform business and society for the better. Through this investment, we are excited to help fuel digital transformation in India, where Intel maintains an important presence,” said Wendell Brooks, Intel Capital President.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels

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First Published Date: 03 Jul, 08:57 IST
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