Reliance-Qualcomm investment deal finalized.

Qualcomm Ventures, the investment arm of Qualcomm Inc, 5G wireless technology company will invest Rs.730 crore for 0.15% stakes in Reliance. This is 13th investment that RIL is receiving within 12 weeks

Qualcomm- Jio deal is considered to be very crucial. It is a top leading global company in wireless technology. Qualcomm has become the leading investor in Reliance Jio after Facebook and Intel.

Furthermore, Jio Infocomm, an enterprise of Reliance Industries runs music. As well as movies and news apps. However, Reliance has raised the total fund of Rs.118,318.45 Crores. By solding 25.24% of stakes. Therefore, the investment has been received from global. And top most investors in the world.This fund raising exercise of RIL has also overcome its debt. Facebook was the first investor taking 9.99% of stakes.
On this occasion Chairman and Managing director of RIL, Mukesh Ambani said

Today, I am delighted to welcome Qualcomm Ventures as an investor in Jio Platforms. Qualcomm has been a valued partner for several years. Amd we have a shared vision of connecting everything. By building a robust and secure wireless. And digital network and extending the benefits of digital connectivity to everyone in India. As a world leader in wireless technologies. Qualcomm offers deep technology. And insights that will help us deliver on our 5G vision. And the digital transformation of India for both people and enterprises.