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Home / Business News / Qualcomm picks 0.15% stake in Mukesh Ambani’s Jio Platforms for Rs 730 cr

Qualcomm picks 0.15% stake in Mukesh Ambani’s Jio Platforms for Rs 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.

business Updated: Jul 12, 2020 20:57 IST
Press Trust of India | Posted  by Anubha Rohatgi
Press Trust of India | Posted by Anubha Rohatgi
New Delhi
Qualcomm is  the 12th investor in  Jio Platforms in  as many weeks.
Qualcomm is the 12th investor in Jio Platforms in as many weeks. (REUTERS)

Qualcomm Ventures has picked up 0.15 per cent stake in Jio Platforms for Rs 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 Rs 730 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 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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