March 10, 2021

Intel Capitals investment will translate

"Intel Capital has an outstanding record of being a valuable partner for leading technology companies globally.3 billion Indians," Mukesh Ambani, Chairman and Managing Director of Reliance Industries, saidWendell Brooks, Intel Capital President, said that Jio Platforms focus on applying its impressive engineering capabilities to bring the power of low-cost digital services to China self adhesive vinyl Suppliers India aligns with Intels purpose of delivering breakthrough technology that enriches lives. We are therefore excited to work together with Intel to advance Indias capabilities in cutting-edge technologies that will empower all sectors of our economy and improve the quality of life of 1. Jio leads the India market with over 38.8 crore subscribers.91 lakh crore and an enterprise value of Rs 5.New Delhi: Electronic chip maker Intels investment arm, Intel Capital, will buy 0.45 crore.Intel Capital is 12th company to join the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount to Rs 1,17,588.39 per cent equity stake in Jio Platforms on a fully diluted basis," Reliance Industries and Jio Platforms said in a joint statement.50 crore, the company said on Friday.

Intel Capitals investment will translate into a 0.39 per cent stake in billionaire Mukesh Ambanis digital unit, Jio Platforms, for Rs 1,894.Jio Platforms, a wholly-owned subsidiary of Reliance Industries, also runs Reliance Jio telecom business."Intel Capital will invest Rs 1,894.50 crore in Jio Platforms at an equity value of Rs 4. Through this investment, we are excited to help fuel digital transformation in India, where Intel maintains an important presence," Brooks said."We believe digital access and data can transform business and society for the better..16 lakh crore

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