New Delhi: Large investments are being made in Mukesh Ambani's Jio Platforms. Reliance Industries has become debt-free due to continuous investment. There have been a total of 13 major investments in Jio platforms in the last 12 weeks. Through which investment of Rs 1,18,318.45 lakh crore has been done for 25.24% equity in Jio platforms.
On Sunday, Qualcomm Ventures, a subsidiary of American Qualcomm Incorporated, announced an investment of Rs 730 crore in Jio Platforms for 0.15% equity. Qualcomm is known worldwide for its superb wireless technology. After this investment, the equity value of Jio platform has been 4.91 lakh crore and the enterprise value has been 5.16 lakh crore. The process of investing in Jio platforms started on Facebook on 22 April, after that Silver Lake, Vista Equity, General Atlantic, KKR, Mubadala, and Silver Lake also invested in the Jio Platform. The investment was later announced by Abu Dhabi Investment Authority (ADIA), TPG, El Catterton, PIF, and Intel.
Reliance Industries Chairman Mukesh Ambani has said on this investment, 'Today I am very happy to welcome Qualcomm Ventures as an investor in Jio platforms. Qualcomm has been an important partner for many years and we have a shared vision of building a strong and secure wireless and digital network and expanding the benefits of digital connectivity to everyone in the country.'
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