Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Qualcomm picks 0.15 pc stake in Jio for Rs 730 cr

Jul 12, 2020, 20:38 IST

PTI

New Delhi, Jul 12 () 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. ANZ BAL BAL

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)