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Intel-Jio Deal: U.S. Semiconductor Giant To Invest Rs 1,894 Crore In RIL Unit

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Intel Corp will invest Rs 1,894.5 crore in Jio Platforms in exchange for a 0.39 percent stake, the latest big-ticket investment in the digital unit of Reliance Industries (RIL).

The American semiconductor giant is the second strategic investor after Facebook Inc in Jio, which runs movie, news and music apps as well as the telecom enterprise Jio Infocomm.

The transaction is subject to regulatory and other customary approvals.

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