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Intel-Jio deal: Everything you need to know about Intel

RIL has now raised a combined Rs 117,588.45 crore from some of the world’s leading tech investors

July 03, 2020 / 10:23 AM IST

Intel Corp has announced that it will invest Rs 1,894.5 crore in Jio Platforms for a 0.39 percent stake. This is the latest in a string of big-ticket investment in the digital unit of Reliance Industries (RIL).

The deal with Intel — the 12th such investment in 11 weeks —takes the total stake that Reliance sold in Jio Platforms to 25.09 percent. Mumbai-based RIL has now raised a combined Rs 1,17,588.45 crore from some of the world’s leading tech investors led by Facebook, which bought a 9.99 percent stake for Rs 43,574 crore on April 22.

Here is everything you need to know about Jio's latest investor Intel:

> Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in Silicon Valley.