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Qualcomm picks 0.15% stake in Mukesh Ambani’s Jio Platforms for ₹730 cr
“Qualcomm Ventures’ investment will translate into 0.15 per cent equity stake in Jio Platforms on a fully diluted basis,” RIL said in a statement on Sunday.
Updated on: Jul 12, 2020, 20:57:54 IST
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Qualcomm Ventures has picked up 0.15 per cent stake in Jio Platforms for ₹730 crore, Reliance Industries said on Sunday.
Qualcomm is the 12th investor in Jio Platforms in as many weeks.
“Qualcomm Ventures, the investment arm of Qualcomm Incorporated, an industry leader in wireless technologies, has committed to invest up to ₹730 crore in Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.
“Qualcomm Ventures’ investment will translate into 0.15 per cent equity stake in Jio Platforms on a fully diluted basis,” the company said in a statement.
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