Jio Gets Rs. 33,737 Crores Investment From Google for 7.7 Percent Stake
Google is investing Rs. 33,737 crores in Jio Platforms for 7.7 percent stake, Reliance Industries Limited (RIL) announced on Wednesday. The new development comes just a couple of days after Jio Platforms received Rs. 730 crores of investment from Qualcomm Ventures. The telecom arm of the Indian conglomerate also recently sold its small stake to Intel's investment arm at Rs. 1,894.50 crores. The fresh investment is a part of Google's India Digitisation Fund worth Rs. 75,000 crores.As a result of Google's investment, Jio…