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Intel Will Acquire A Stake In JIO

Mukesh Ambani has added great news for Reliance Industries. The digital part maker company Intel Capital is going to buy a stake in Reliance Industries’ Jio platform.According to report agency PTI, Intel Capital will buy 0.39 per cent stake for Rs 1,894.50 crore. Reliance Industries and Jio Platforms have issued a joint statement informing about this new investment. Explain that Intel Capital works in technology sectors such as Cloud Computing, Artificial Intelligence and 5G, along with investing globally in innovative companies. These are the areas where Reliance Jio is also expanding.

12th purchase in 11 weeks. With this, Reliance Jio has got the 12th investment in about 11 weeks. With this, the total share capital expenditure in Jio platforms from these 12 groups has come to Rs 1,17,588.45 crore. Investment has increased to 25.09 per cent according to the stake.

These organisations have invested

Over the past 3 months, Jio has invested in platforms including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadla, ADIA, TPG, El Catterton and PIF.

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