â We are by informed that Jio Platform Limited, a subsidiary of the company received subscription amounts today from the following investors and allotted equity shares to them,â said Jio on Thursday .
While Intel Capital gets 0.39% of equity , Qualcomm Asia Pacific gets 0.15% in Jio Platform. Intel has invested Rs 1894.50 crore and Qualcomm has put in Rs 730 crore .
So far the digital arm has received Facebookâs Rs 43,574 crore in Jio Platforms for a 9.99% stake.
Meanwhile, US internet giant Google has moved the Competition Commission of India (CCI) to get an all-clear for its Rs 33,737 crore investment in Jio Platforms for a 7.73% stake and manufacture a new smartphone in India.
These investments were part of Jio Platforms’ over Rs1.52 lakh crore fund raising exercise by divesting minority stakes to multiple technology companies such as Qualcomm and Intel besides Facebook and Google, technology focussed private equity players and sovereign wealth funds.