Current Affairs PDF

Intel Capital to buy 0.39% stake in Jio Platforms for Rs 1,894.50 crore 

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

Intel to Invest Rs 1,894 Crore in Jio PlatformsUS based Electronic chip maker Intel’s investment arm, Intel Capital to buy 0.39% stake in Reliance Industries Limited(RIL)’s Jio Platforms  for Rs 1,894.50 crore. This is the 12th deal of Jio Platforms. With this investment, Jio Platforms has raised Rs 1,17,588.45 crore from global investors since April 22.

Key Info

  • With this investment, RIL holds 74.91% stake in Jio and 25.09% by the investors.
  • The investment of Intel Capital will translate into a 0.39% equity stake in Jio Platforms on a fully diluted basis, with an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Previous Investment in Jio Platforms

S.NoInvestor In Jio Platforms  Date of Investment (2020)Investment Amount (Rs in Crores)% Stake
1 Facebook22nd April 43,573.629.99%
2Silver Lake Partners4th May 5,655.751.15%
3Vista Equity Partners8th May 11,367.00 2.32%
4General Atlantic17th May6,598.38 1.34%
5KKR22nd May 11,367.00 2.32%
6Mubadala 5th June9,093.601.85%
7Silver Lake Partners – Additional


5th June4,546.800.93%
8Abu Dhabi Investment Authority 7th June5,683.50 1.16%
9TPG 13th June4,546.800.93%
10L Catterton13th June1,894.500.39%
11 Public Investment Fund(PIF)18th June11,367.00 2.32%

About Intel Capital:

Intel Capital has strategic global investments in 5G, cloud computing and artificial intelligence technology areas.

About Intel:
Headquarters- California, U.S.
Chief Executive Officer– Robert (Bob) H. Swan

About RIL:
Headquarters– Mumbai, Maharashtra
Chairman & Managing Director– Mukesh D. Ambani