Intel Capital, the investment arm of Intel, will invest ₹1,894.50 crore in Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore, as announced by Reliance Industries and Jio Platforms. As per inside sources, Intel Capital's investment will translate into a 0.39 percent equity stake in Jio Platforms on a fully diluted basis.
With this investment, Intel Capital now joins the list of marquee firms who have lately invested in Jio Platforms, taking the total investment amount to ₹117,588.45 crore.

Jio Platforms, a unit of Reliance Industries, is a next-generation technology platform focused on offering high-quality and affordable digital services across India. Jio Platforms has conducted significant investments across its digital ecosystem, catapulted by leading technologies spanning broadband connectivity, smart devices,

cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain. Jio's vision is to bring life to a Digital India for people and businesses across the nation, including small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive growth

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

Mukesh Ambani, Chairman and Managing Director, 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."

Wendell Brooks, President, Intel Capital, said, "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."

The agreement is subject to regulatory and other customary approvals. Morgan Stanley presided as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell took over as legal counsels.