Qualcomm picks 0.15% stake in Jio for Rs 730 crore – Times of India: NEW DELHI: Qualcomm Ventures has picked up 0.15 per cent stake in Jio Platforms for Rs 730 crore, Reliance Industries stated on Sunday.
Qualcomm is the 12th investor in Jio Platforms in as many weeks.
“Qualcomm Ventures, the funding arm of Qualcomm Integrated, an business chief in wi-fi applied sciences, has dedicated to speculate as much as Rs 730 crore in Jio Platforms at an fairness worth of Rs 4.91 lakh crore and an enterprise worth of Rs 5.16 lakh crore.
“Qualcomm Ventures’ funding will translate into 0.15 per cent fairness stake in Jio Platforms on a completely diluted foundation,” the corporate stated in a press release. PTI ANZ