Reliance Industries Ltd (RIL) on Friday announced that American multinational company Intel will invest Rs 1,894.50 crore in its technology arm Jio Platforms for a 0.39 percent stake.

The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

With this investment, Jio Platforms has raised Rs 117,588.45 crore from leading technology investors that include Facebook, KKR, TPG, General Atlantic among others. With a slew of investments, Reliance Industries chairman Mukesh Ambani had in June announced that the company had become net debt-free.

Here are the key things to know about the Jio-Intel deal:

1. Intel Corp will invest Rs 1,894.50 crore in RIL's digital arm Jio Platforms for a 0.39 percent stake.

2. The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

3. This is the twelfth high-profile investment in the firm in less than three months.

4. With this investment, Jio Platforms has raised Rs 117,588.45 crore from leading technology investors.

5. Other investors in Jio Platforms include Facebook, Silver Lake Partners (two investments), Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton, and PIF.

6. Intel is one of the pioneering companies in the technology space and is known for its innovation.

7. Intel Capital invests globally in innovative companies with a focus on disruptive technology areas like cloud computing, artificial intelligence and 5G – opportunities where Jio is also innovating and investing for growth.

First Published:Jul 3, 2020 9:52 AM IST