Google to buy 7.7% stake in Jio Platforms for ₹ 34,737 crore

[caption id="" align="alignnone" width="360"] Source: YouTube[/caption]

Search engine google will buy 7.7 percent stake in India's Jio platform for Rs 33,737 crore. With this, since April, the Jio platform has raised a total investment of more than Rs 1.52 lakh crore. Investments in the Jio platform were started by the US-based California company Facebook with a 9.99 per cent stake purchase for Rs 43,573.62 crore.

Subsequently, several global technology investor companies invested in it by acquiring a stake in it. Google is the 13th investor to invest in the Jio platform.

Reliance Industries chairman Mukesh Ambani said at the company's 43rd annual general meeting that the capital raising cycle of Jio platforms with Google will be completed. He said that we welcome Google as a strategic investor in the Jio platform.