Intel to invest $253 million in Reliance's digital unit

Reuters

03 July, 2020, 10:50 am

Last modified: 03 July, 2020, 10:53 am

Intel to invest $253 million in Reliance's digital unit

Relaince Jio is getting this investment

Reuters

03 July, 2020, 10:50 am

Last modified: 03 July, 2020, 10:53 am

Intel to invest $253 million in Reliance's digital unit

Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39% stake in its digital unit, Jio Platforms, for 18.95 billion rupees ($253.55 million).

Including Intel's investment, Jio Platforms will have raised a total of 1.18 trillion rupees from investors.

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