Friday, 24 March, 2023

Intel Capital and Qualcomm invest Rs 2,624.50 Cr in Jio Platform

<p>Intel Capital and Qualcomm Asia Pacific have pumped Rs 2625.50 Crore in Jio Platform - the digital arm of Mukesh Ambani-led conglomerate. Intel has invested Rs 1894.50 Cr and hence has acquired a 0.39% equity stake in Jio Platforms. Qualcomm, on the other hand, has invested Rs 730 Crore, getting 0.15% equity stake. These investments were part of Jio Platforms&rsquo; over Rs 1.52 L Cr fund raising exercise by divesting minority stake to multiple tech firms.</p>