Mumbai: Mukesh Ambani’s company Jio has received Rs.2624.50 crore from Intel Capital and Qualcomm. The company said that its subsidiary Jio Platform Limited has received the subscription amount from all these companies.
Intel Capital has bought a 0.39% stake in Jio Platform for Rs.1894.50 crore. On the other hand, Qualcomm got 0.15 per cent stake at an investment of Rs.730 crore.
The same Facebook has bought a 9.99 per cent stake in Jio platforms by investing Rs.43,574 crore.
Meanwhile, Google has also talked to the Competition Commission of India to approve its investment in Jio platforms. The company has bought a 7.73 per cent stake in Jio Platforms for Rs.33,737 crore.
Along with this, India also wants to make a new smartphone with the American company Google Jio.
A total investment of Rs.1.52 lakh crore has come in Jio platforms. Let me tell you that Reliance has raised this fund by selling a co-operation stake to several tech companies, private equity companies and sovereign wealth funds.
Now Ambani’s emphasis is on his retail business, for which he has got three investors.