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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