Reliance Industries Limited and Jio Platforms Limited, announced that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital joins the list of marquee firms who have recently invested in Jio Platforms, taking the total…
Mukesh Ambani-led Reliance Industries recently announced that it has secured $752mn from the Abu Dhabi Investment Authority for its digital arm, Jio Platforms. As part of the transaction, ADIA will reportedly buy 1.16% of stake in Jio Platforms. In a regulatory filing, Reliance said, ADIA’s investment in Jio Platforms, which comprises Reliance’s telecoms arm Jio…