Intel Investment, a wing of the global chip maker, has invested Rs.1895 crore to pick up a 0.39% stake in Jio Platforms. With this deal, Reliance has managed to sell 25.09% in Jio Platforms for a total consideration of Rs.117,588 crore. Jio Platforms is the digital property of Reliance group and includes broadband, data, telecom and all digital initiatives.

This is the twelfth big deal in around 11 weeks after big names Facebook, KKR, TPG, Silver Lakes, ADIA and Mubadala have already put in funds into Jio Platforms. Like the other PE fund investments, the latest Intel investment has also valued Jio Platforms at around Rs.492,000 crore making it among the top five most valuable companies in India.