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Wednesday, 15 July 2020

Jio Platforms to raise Rs. 33737 Crore from Google for 7.7% stake

Mukesh Ambani, Chairman and Managing Director of Reliance Industries at the company’s 43rd annual AGM virtual event has announced that Google will invest Rs. 33,737 crore in Jio Platforms. The investment will translate into a 7.7% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs. 1,52,056 … Continue reading "Jio Platforms to raise Rs. 33737 Crore from Google for 7.7% stake"