Reliance gets investment from Intel
Electronic chip maker company Intel Capital is going to buy stake in Reliance Industries’ Jio platform.
According to news agency PTI, Intel Capital will buy 0.39 percent stake for Rs 1,894.50 crore. Reliance Industries and Jio Platforms have issued a joint statement informing about this new investment. Intel Capital works in technology sectors such as Cloud Computing, Artificial Intelligence and 5G, along with investing globally in innovative companies. These are the areas where Reliance Jio is also expanding.
12th investment in 11 weeks
With this, Reliance Jio has got the 12th investment in about 11 weeks. With this, the total share capital investment in Jio platforms from these 12 companies has come to Rs 1,17,588.45 crore. Investment has increased to 25.09 per cent according to the stake.
These companies have invested
Over the past 3 months, Jio has been invested in by various companies including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadla, ADIA, TPG, El Catterton and PIF.
Reliance Industries becomes debt free
Recently, Reliance Industries has announced to be debt free. The important thing is that the company has achieved this goal about 9 months before the deadline. At the same time, the market capital of Reliance Industry has also crossed 11 lakh crores.
It is the first such company in the country which has crossed the market cap of 11 lakh crores. Not only this, the Reliance stock had also touched the price of Rs 1800 in the past. This share price of Reliance Industries is at an all-time high. However, Reliance Industries share price was trading below Rs 1780 in Friday trading.
