Jio 0.39 % Stock of the company in Rs. Intel buys the company for 1894.50 Cr. This is the twelfth investment in digital by Reliance Group in the past eleven weeks.

Intel bought a 0.39 percent stake in Jio Platforms. Reliance Group today announced that it has inversted Rs. 1894.50 Cr. Intel - Jio deal is the 12th deal with Reliance Goup within the past eleven weeks. Intel is currently ivesting Rs. 1,894.5 Cr, including Jio Platforms Facebook, Silver lake Partner (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ATIA and DP. The Companyhas raised Rs. 1,17,588.45 Cr. from leading technology investors, including G, L Catharton and BIF.


It is considered one of the largest recurring funds raised by a company in the world. Jio, which runs the film, news and music processor and telecommunications giants Jio Infocomm, has made possible the largest ever fundraiser anywhere in the world. On April 22, Facebook sold 9.99 percent stake to Facebook for Rs. 43,574 Cr. To this end, Jio has begun its fundraising campaign. Intel has been operating in India for more than two decades, employing thousand of employees with sophisticated design facilities in Bangalore and Hydrabad.


Intel is investing in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next generation computing and a wide range of other technologies. Since 1991, Intel has invested $ 12.9 billion in more that 1,582 Companies worldwide.