Qualcomm Venture to invest ₹ 730 crore in Reliance Jio Platforms

Reliance Jio recent investor, Qualcomm Venture to invest in Reliance Jio Platforms

Mukesh Ambani

Highlights :

Qualcomm Venture to invest ₹ 730 crore in Reliance Jio Platforms for 0.15% stake
At equity value of ₹ 4.91 lakh crore and at an enterprise value of ₹ 5.16 lakh crore
Total investment in Reliance Jio Platforms is ₹1,18,318.45 crore for 25.24% holding

Qualcomm Venture will invest ₹ 730 crore in Reliance Jio Platforms for 0.15% stake in the company. This is the 12th investment for Reliance Jio Platforms.

At equity value of ₹ 4.91 lakh crore and at an enterprise value of ₹ 5.16 lakh crore.

Total investment in Reliance Jio Platforms is ₹1,18,318.45 crore for 25.24% holding in less than two months.

RIL said recently that funds raised by selling stake in Jio Platforms, along with a ₹ 53,124 crore rights issue, have made it a net debt free, much before its stated March 2021 deadline.

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