India: Intel Capital invests $253m in Reliance’s Jio Platforms

REUTERS/Danish Siddiqui

Intel Capital will invest Rs 1,894.50 crore in Jio Platforms, the Mukesh Ambani company said in a statement on Friday. Intel Capital is the investment arm of US-based semiconductor giant. Intel is the eleventh foreign investor in the Reliance Industries subsidiary since 22 April when Jio’s first deal – one with Facebook – was announced.

Facebook had bought a 9.99% stake in Jio for 43,573.62 crore, a deal that the antitrust watchdog approved on 24 June.

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