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Intel acquires 0.39 per cent stake in Jio by investing Rs 1894.50 crore, Jio's 12th deal in 11 weeks

Shortpedia

Content Team

US based semiconductor giant Intel has invested Rs 1894.50 crore for 0.39 per cent stake in Jio Platforms. This is Reliance Jio's 12th deal in the past 11 weeks. Jio has raised Rs 1,17,588.45 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners, Intel and others. Mukesh Ambani had earlier announced that Jio became debt free after receiving funds from multiple firms.