Google ready to invest Rs 33,737 crore in Jio Platforms for 7.73% stake

Google will put Rs 33,737 crore in Jio Platforms (US$4.5 billion), Reliance Industries seat and overseeing chief Mukesh Ambani reported on Wednesday during the organization’s online Annual General Meeting. This is Jio Platforms’ second greatest outer speculation up until this point, behind Facebook’s Rs 43,647 crore (US$5.7 billion) venture. This decreases Jio’s value an incentive from Rs 4.91 lakh crore to Rs 4.36 lakh crore, per a Reliance public statement.

As a piece of this organization, Ambani said that Jio and Google will manufacture an “esteem built” Android-based versatile working framework.

Google CEO Sundar Pichai affirmed in a video message that this speculation is a piece of the organization’s Google For India Digitization Fund, declared on Monday, and said that it would be the greatest venture Google will make from it. This implies 45% of Google’s reserve will be going to Jio.

Jio has now raised Rs 1,52,055.45 crore from outer speculators, having crossed the one trillion rupee mark a month ago. On June 25, the Competition Commission of India endorsed Facebook’s US$5.7 billion (Rs 43,574 crore) interest in Jio Platforms to get a 9.99% stake.

These are now all of Jio Platforms’s external investors:

Investor [Stake%]Amount (₹)
Facebook [9.9%]43,574 crore (US$5.7 billion)
Silver Lake (12) [2.08%]10,202.55 crore (US$1.34 billion)
Vista [2.32%]11,367 crore (US$1.5 billion)
General Atlantic [1.34%]6,598.38 crore (US$870 million)
KKR & Co. Ltd. [2.32%]11,367 crore (US$1.5 billion)
Mubadala [1.85%]9,093.60 crore (US$1.2 billion)
Abu Dhabi Investment Authority [1.16%]5,683 crore (US$747 million)
TPG Capital [0.93%]4,546.80 crore (US$600 million)
L Catterton [0.39%]1,894.50 crore (US$250 million)
Public Investment Fund [2.32%]11,367 crore (US$1.5 billion)
Intel Capital [0.39%]1,894.50 crore (US$250 million)
Qualcomm Ventures [0.15%]730 crore (US$97 million)
Google [7.7%]33,737 crore (US$4.5 billion)
Google ready to invest Rs 33,737 crore in Jio Platforms for 7.73% stake

Source Medianama

Rakesh Mishra

I am Rakesh Mishra (Digital Marketing Expert), from Delhi. I have written few books on Social Media and Digital Marketing. Expert In : PPC | Google Ads | E-commerce | Amazon Marketplace | Flipkart | Paytm & Other Marketplaces... | Affiliate Marketing | Social Media Marketing | Content Marketing | Email Marketing | WhatsApp Marketing | SMS Marketing | Influencer Marketing | Blogger Marketing

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