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

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.No Investor In Jio Platforms  Date of Investment (2020) Investment Amount (Rs in Crores) % Stake
1 Facebook 22nd April  43,573.62 9.99%
2 Silver Lake Partners 4th May 5,655.75 1.15%
3 Vista Equity Partners 8th May  11,367.00 2.32%
4 General Atlantic 17th May 6,598.38 1.34%
5 KKR 22nd May 11,367.00 2.32%
6 Mubadala 5th June 9,093.60 1.85%
7 Silver Lake Partners – Additional

Investment

5th June 4,546.80 0.93%
8 Abu Dhabi Investment Authority 7th June 5,683.50  1.16%
9 TPG 13th June 4,546.80 0.93%
10 L Catterton 13th June 1,894.50 0.39%
11 Public Investment Fund(PIF) 18th June 11,367.00 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





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