Results for "Reliance-Jio-Platforms"
The company is planning to buy different businesses to strengthen its position in the online domain and to give a stiff competition to players like Amazon and Flipkart.
The company has confirmed that the technology is ready for trials as soon as the Indian government opens the auction for 5G spectrum.
The company has revealed that the upcoming smartphone will provide optimised Android experience.
The company announced the service during its Annual General Meeting (AGM) 2020.
This investment by Google values Jio Platforms at an equity value of Rs 4.36 lakh crore.
Qualcomm plans to help Jio Platforms in rolling out advanced 5G infrastructure and services for Indian customers. With the investment, Qualcomm Ventures is set to become the 13th investor to make an investment in Jio Platforms.
Jio Platforms has allotted equity shares to Jaadhu Holdings following which Jaadhu Holdings holds 9.99% of the fully diluted equity share capital of Jio Platforms.
Intel Capital joins the list of other global investors who have recently invested in Jio Platforms, taking the total investment amount to Rs 117,588.45 crore since April 22, 2020.
With the investment, PIF is set to become the tenth investor to make an investment in Jio Platforms.
Reliance Jio has announced that Global investment firm TPG will buy a 0.93 percent stake for Rs 4,546.80 crores, while private equity firm L Catterton will pick up a 0.39 percent stake for Rs 1,894.50 crores.