Intel picks up 0.39% stake in Jio Platforms at Rs 1,894.50 crore

Intel Capital has picked up a 0.39% stake in Jio Platforms at Rs 1,894.5 crore at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore, Reliance Industries declared in a BSE filing. Intel Capital has become the latest investor to join the list of marquee firms who have invested in Jio Platforms since April.

Jio Platforms has now raised ₹ 117,588.45 crore through a sale of 25.09% stake to 11 different investors in 12 separate transactions spread over April until today. Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubudala, ADIA, TPG, L Catterton, PIF and Intel Capital have picked up minority stakes in 12 separate transactions.

Jio Platforms Stake Sale – At a Glance

  1. Facebook – 9.99% (Rs 43,573.62 Crore)
  2. Silver Lake Partners – 1.15% (Rs 5,656.75 Crore)
  3. Vista Equity Partners – 2.32% (Rs 11,367 Crore)
  4. General Atlantic – 1.34% (Rs 6,598.38 Crore)
  5. KKR – 2.32% (Rs 11,367 Crore)
  6. Mubudala – 1.85% (Rs 9,093.6 Crore)
  7. Silver Lake Partners (Second Investment) – 0.93% (Rs 4,546.8 Crore)
  8. Abu Dhabi Investment Authority – 1.16% (Rs 5,683.5 Crore)
  9. TPG – 0.93% (Rs 4546.8 Crore)
  10. L Catterton – 0.39% (Rs 1894.5 Crore)
  11. PIF – 2.32% (Rs 11,367 Crore)
  12. Intel Capital – 0.39% (Rs 1,894.50 Crore)

Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “We are extremely delighted to deepen our ties with technology leaders that embody our vision of transforming India into a leading Digital Society in the world. Intel is a true industry leader, working towards creating world-changing technology and innovations. Intel Capital has an outstanding record of being a valuable partner for leading technology companies globally. We are therefore excited to work together with Intel to advance India’s capabilities in cutting-edge technologies that will empower all sectors of our economy and improve the quality of life of 1.3 billion Indians.”

“Jio Platforms’ focus on applying its impressive engineering capabilities to bring the power of low-cost digital services to India aligns with Intel’s purpose of delivering breakthrough technology that enriches lives. We believe digital access and data can transform business and society for the better. Through this investment, we are excited to help fuel digital transformation in India, where Intel maintains an important presence.”
Mr. Wendell Brooks, Intel Capital President

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