The investment by Qualcomm Ventures into Jio Platforms will be made in exchange for 0.15 per cent equity stake at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
Jio Platforms has more than 388 million subscribers.Reliance Industries fundraising spree continues. This time, the company has secured a commitment of up to Rs 730 crore investment from Qualcomm’s investment arm Qualcomm Ventures for its technology arm Jio Platforms. The investment will be made in exchange for 0.15 per cent equity stake to Qualcomm Ventures at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, according to a statement by Reliance on Sunday.
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