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Intel-Jio deal: 5 key things to know

Intel is now a strategic investor in Jio Platforms.

July 03, 2020 / 10:23 AM IST

US semiconductor giant Intel will invest Rs 1,894.5 crore in Jio Platforms for a 0.39 percent stake, Reliance Industries (RIL) said on July 3.

The transactions was conducted with Intel Capital, the investment arm of Intel.

Here are five things you need to know about the deal:

>> The transaction with Intel Capital values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.