Google pays Rs 33,737 Cr for 7.73% stake in Jio Platforms
Shortpedia
Content Team
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Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 per cent stake in RIL's digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook, billionaire Mukesh Ambani's firm said. The transaction also marks the US technology giant's biggest-ever investment in an Indian company. With this, Jio Platforms has raised a total of Rs 1.52 lakh crore by selling nearly 33% stake to 13 investors.
