New Delhi: Reliance Industries on Sunday said that Qualcomm Ventures has invested Rs 730 crore for a 0.15 percent stake in Jio Platforms. Qualcomm is the 12th investor in Jio platforms over the past few weeks.
RIL said, “Qualcomm Ventures, the investment arm of wireless technology giant Qualcomm Incorporated, has committed to invest up to Rs 730 crore in Jio Platforms.
The Jio platform has been valued at Rs 4.91 lakh crore and the enterprise value is Rs 5.16 lakh crore according to equity value for this deal. The company said in a statement that Qualcomm Ventures will get a 0.15 percent equity stake in Jio Platforms in return for investment.
