Google will buy 7.7 percent share of Jio Platforms for Rs 33,737 crore

पढ़े : हिंदी मे

Recently, there has been talk of Google investing 75000 crore rupees (US $ 10 billion) in India in next 5 to 7 years. After this, Google will now buy  7.7 percent share in Reliance Industries' Jio Platforms by India's richest industrialist Mukesh Ambani for Rs 33,737 crore. Mukesh Ambani said on Wednesday that this would lead to an investment of Rs 33,737 crore in Jio platforms.

Google will buy 7.7 percent share of Jio Platforms for Rs 33,737 crore

This investment will further expand the Reliance Industries' Jio platforms. Addressing the company's 43rd annual general meeting on Wednesday, Reliance Industries owner Mukesh Ambani said, "We welcome Google as an investor in Reliance Industries' Jio platforms. He said that by investing Rs 33,737 crore, Google will get 7.7 percent share in Reliance Industries' Jio platforms.



The company raised Rs 2,12,809 crore in the last three months

According to the information, the company's head Ambani said that the current campaign to raise capital for Jio platforms will be completed with this investment of Google. He said that the company has raised an investment of Rs 2,12,809 crore in less than three months. Apparently, Facebook's acquisition of a 10 per cent stake in Jio Platforms, as well as an investment of Rs 53,124 crore in this capital, is part of the company's rights issue and the UK's BP investment in the company.

Google will buy 7.7 percent share of Jio Platforms for Rs 33,737 crore

Ambani said this amount is more than the net debt of the company

Mukesh Ambani, head of Reliance Industries, said that "this amount is more than the net debt of the company". In fact, Reliance Industries has now become a pure debt-free company. The declared target of the company to become debt free is March 2021. But the company achieved this achievement long before its declared goal. 

Talking about the end of the financial year 2019-20, the net debt of the company was Rs 1,61,035 crore. He said that this investment of Google will support the expansion of the company's business. The company is focusing on expanding these three important sectors: oil-chemicals business, retail business and jio platforms.

Reliance Industries Limited (RIL)

Reliance Industries Limited (RIL) is an Indian multinational conglomerate headquartered in Mumbai, Maharashtra. The company was founded on 8 May 1973 by Dhiru Bhai Ambani. 
  • Reliance Industries Limited (RIL) has become the first Indian company to exceed US $ 150 billion in market registrations.
  • The total assets of the company are Rs 1,165,915 crore (US $ 160 billion).
  • The company's business is spread across the country and the world.
  • The total number of employees in the company is 1,95,618 as of 2020.

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