More

    Mukesh Ambani: Google to Pick 7.7% stake in Jio for Rs 33,737 crore

    Must Read

    Hemodialysis facility started with two separate machines for Corona positive patients proved very useful

    More than 270 times dialysis done of needy patients Corona's influence was felt in...

    WR to run special Shatabdi express train between Mumbai Central and Ahmedabad

    74 trips of two festival special trains to run between Bhuj and Bareilly For...

    WR launches Meri Saheli initiative in trains to provide round the clock safety to women passengers

    Western Railway has always come up with great initiatives to support the "NARI SHAKTI". Right from introducing...

    Reliance India chairman Mukesh Ambani said Wednesday Google will invest over Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms taking the string of investments well over Rs 152,000 crore.

    “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,” Ambani said at the company’s annual general meeting.

    This takes the cumulative fund raising by Reliance in less than three months to Rs 2,12,809 crore, he said.

    This includes investments by Facebook and other investors in Jio Platforms and Rs 53,124 crore Rights Issue, and investment by BP in fuel retailing venture.

    “It is in excess of our net debt of Rs 1,61,035 crore at the end of FY19-20”, he said. Reliance is now truly a zero net debt company, well ahead of my goal of March 2021.

    Google chief executive Sundar Pichai had on Monday announced plans to invest Rs 75,000 crore in India over the next five to seven years to help accelerate the adoption of digital technologies in the country.

    Announcing the Rs 75,000 crore investment through Google for India Digitisation Fund, Pichai asserted that the move is a reflection of company’s confidence in the future of the country and its digital economy.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    All new track ‘Tanner Meedre’ from Amazon Prime Video’s Bheemasena Nalamaharaja releases

    Amazon Prime Video just released its all new track- Tanner Meedre from the upcoming movie Bheemasena Nalamaharaja,...

    WR to run special Shatabdi express train between Mumbai Central and Ahmedabad

    74 trips of two festival special trains to run between Bhuj and Bareilly For the convenience of passengers and...

    WR launches Meri Saheli initiative in trains to provide round the clock safety to women passengers

    Western Railway has always come up with great initiatives to support the "NARI SHAKTI". Right from introducing the 1st ever dedicated 'Ladies'...

    Fire inside computer room of Makarpura GIDC police station in Vadodara

    A incident of fire reported inside the computer room of the Makarpura GIDC police station in Vadodara. No casualties reported as fire...

    Short termination of WR’s parcel special train due to Kisan agitation in Punjab

    Due to ongoing Kisan agitation in Punjab, WR's one Parcel Special Train will be short terminated at Ambala Cantt station.  

    More Articles Like This

    - Advertisement -