The United States-based Multinational Corporation-Qualcomm has informed on 12th July 2020 that it has invested Rs 730 crore in Reliance Industries’ subsidiary company- Jio Platforms.
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Rs 730 crore of investment will translate to 0.15 percent of an equity stake for Qualcomm in Jio Platforms. In a matter of 12 weeks since 22nd April 2020, this was the 13th foreign investment, and the 12th Foreign Investor (Silver Lake has invested Twice) in Jio Platforms. The 13 foreign investments make a total of Rs 1,18,318.45 crores that have been raised in Jio Platforms. This investment also takes the total stake in Jio Platforms of foreign investors to 25.24 percent.
Investments in Jio Platform (from 22nd April 2020 to 12th July 2020)
- 22nd April: Facebook 9.99 percent stake at Rs 43,573.62 crore
- 4th May: Silver Lake 1.15 percent stake at Rs 5,655.75 crore
- 8th May: Vista 2.32 percent stake at Rs 11,367 crore
- 17th May: General Atlantic 1.34 percent stake at Rs 6,598.38 crore
- 22nd May: KKR 2.32 percent stake at Rs 11,367 crore
- 5th June: Mubadala 1.85 percent stake at Rs 9,093.60 crore
- 5th June: Silver Lake: 0.93 percent stake at Rs 4,546.80 crore
- 7th June: ADIA 1.16 percent stake at Rs 5,683.50 crore
- 13th June: TPG 0.93 percent stake at Rs 4,546.80 crore
- 13th June: L Catterton 0.39 percent stake at Rs 1,894.50 crore
- 18th June: PIF 2.32 percent stake at Rs 11,367 crore
- 2nd July: Intel Capital 0.39 percent stake at Rs 1,894.50 crore
- 12th July: Qualcomm 0.15 percent stake at Rs 730 crore
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