Jio Investment: Another US Company Qualcomm To Buy 730 Crore Stake In Jio Platforms

Jio Investment: Earlier, Electronic Chip Maker Intel Capital had reported the purchase of 0.39 percent stake in Jio Platforms for Rs 1,894.50 crore.

Qualcomm-Jio Investment

• Reliance Industries on Sunday said that US-based Qualcomm Incorporated Investment Arm, Qualcomm Ventures, will buy a 0.15 percent stake in Jio platform for Rs 730 crore.
• Let you know that the Jio platform is the digital services arm of Reliance Industries, which is called Reliance Jio Infocomm.

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Qualcomm Invested In Reliance Jio Infocomm

• Qualcomm Ventures is the 13th company to have recently invested in the fast growing Jio Digital platforms in the telecom and digital services market in India.
• Earlier, Intel Capital bought a stake in Jio Platforms.
• The electronic chip maker Intel Capital had reported the purchase of 0.39 percent stake in Jio Digital Platforms for Rs 1,894.50 crore.
• This information was given by the two companies in a statement issued on 3 July.
• With this, the total share capital investment in Jio Digital Platforms from these companies was Rs 1,17,588.45 crore.

Reliance Industries and Jio Platforms had said in a joint statement, “Intel Capital will invest Rs 1,894.50 crore in Jio Platforms which would be equal to 0.39 per cent stake in the company’s share price.”

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