JIO RAISES USD 20 BILLION IN 90 DAYS
Technology major Google has joined the bandwagon ...
Technology major Google has joined the bandwagon of marquee investors betting on Reliance Industries’ (RIL) Jio Platforms as it comes in with an investment of Rs 33,737 crore. Addressing the Annual General Meeting of RIL, Chairman Mukesh Ambani in July said that with the investment, Google will pick up 7.73 per cent in Jio Platforms.
Announcing the investment, the RIL chief said: “As we end our current cycle of capital raising, we are delighted to welcome another strategic partner into Jio. “We welcome Google onboard and are excited about our partnership for what it can deliver to Indians, from universalising Internet usage to deepening the new digital economy and providing a prime mover to India’s economic growth. Together, we hope to play a strong facilitative role in the transformative journey of building a new, Digital India,” he said.