Advertisement
“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.
Related Articles
Advertisement
Reliance has concluded its JV with BP in the existing fuel retailing business. “BP has invested Rs 7,629 crore for their 49 per cent stake in the JV,” he said.