Intel-Jio Deal: Tech giant writes a cheque of 1,894 crores to Reliance Jio for 0.39% equity stake
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Intel Capital, the investment branch of the technology giant, Intel Corporation has become the 12th investor in Reliance Jio Platforms' investment drive. The company has written a cheque for Rs.1,894 crores, to pick up an equity stake worth 0.39% in the Jio Platforms. The amount has been deemed lower than that of the other investors who have participated in the fundraising drive of Reliance Industries in the last two months, however, in the world of technology, Intel is a reputed name and will be a valuable asset. The other companies who have invested recently in Reliance include Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic among others. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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