Sunday, October 25 2020

July 15, 2020

Multinational technology company Google to Invest Rs. 33,737 Crores in Reliance Jio

United States based multinational technology company Google will pick up 7.7 per cent stake in Reliance Industries technology venture for Rs 33,737 crore, said RIL Chairman Mukesh Ambani at the companys annual general meeting. Mr Ambani said that we are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms. Facebook Inc, which opened the investment cycle in Jio Platforms by picking 9.99 per cent stake for Rs 43,573.62 crore