Reliance Jio Continues To Raise Money, Intel Capital Invests Rs 1,894 Crore

by Abhishek Kaushik Jul 03, 2020 • 04:02 PM Views 808

Intel Capital has announced it's buying a 0.39% stake in Reliance Jio by investing Rs 1,894 crore at an equity value of Rs 4.91 lakh crore. After the new announcement, the enterprise value of Reliance Jio has now become Rs 5.16 lakh crore. For the last three months, Jio has been continuously raising money from investors, following which the total investment in the company has increased to Rs 1,17,588.45 crore.