Reliance Industries Ltd (RIL) on Friday announced that American multinational company Intel will invest Rs 1,895 crore in its technology arm Jio Platforms for a 0.39 percent stake. This is the twelfth high-profile investment in the firm in less than three months.
The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. The share price of Reliance Industries gained over a percent after the company announced about the investment.
To discuss more about the investment and the way ahead for the stock, CNBC-TV18’s Anuj Singhal, Sonia Shenoy, and Latha Venkatesh spoke to market expert SP Tulsian of sptulsian.com.Disclosure: Reliance Industries, the parent company of Reliance Jio, owns Network 18 that publishes CNBCTV18.com.