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Jio Platforms gets subscription amount from Intel Capital, Qualcomm

Our Burea Mumbai | Updated on October 01, 2020 Published on October 01, 2020

Intel Capital and Qualcomm Asia Pacific pick up 0.39% and 0.15% stake, respectively, in Jio Platforms

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Jio Platforms, a subsidiary of Mukesh Ambani-controlled Reliance Industries Ltd, said on Thursday it received subscription amount of ₹1,894.50 crore from Intel Capital Corporation.

Earlier, on July 3, Jio Platforms had raised ₹1,894.50 crore from Intel Capital in lieu of a 0.39 per cent stake.

The company also said received subscription amount of ₹730 crore from Qualcomm Asia Pacific Pte. Ltd.

On July 13, Qualcomm Ventures, the investment arm of chipmaker Qualcomm Inc, had committed to invest up to ₹730 crore in Jio Platforms for 0.15 per cent stake. Qualcomm is the thirteenth investor in Jio Platforms which has raised a total of over ₹1.18 lakh crore.

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Published on October 01, 2020
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