Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Google pays Rs 33,737 crore for 7.73% stake in Jio Platforms

PTI
Updated: November 24th, 2020, 19:32 IST
in Business, Top Stories
0
Google-Jio
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: Alphabet Inc’s Google has paid Rs 33,737 crore for a 7.73 per cent stake in Reliance Industries Ltd’s (RIL) digital subsidiary, Jio Platforms Ltd. With this development Google has joined 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. This is certainly another feather in the cap of Jio Platforms.

With this, Jio Platforms has raised a total of Rs 1.52 lakh crore by selling nearly 33 per cent stake to 13 financial and strategic investors. All this has happened in just 11 weeks. This has helped RIL erase its net debt much ahead of the March 2021 target.

Also Read

Police arrest 4, recover Rs 20.86 lakh

9 mins ago

Phase-II trial of RSP advanced STP soon

12 mins ago

“After receipt of all requisite approvals, Jio Platforms, a subsidiary of the company, received the subscription amount of Rs 33,737 crore from Google International LLC (a wholly owned subsidiary of Google LLC),” RIL said in a stock exchange filing.

“Jio Platforms has allotted equity shares to Google International LLC following which Google International LLC holds 7.73 per cent of the fully diluted equity share capital of Jio Platforms Limited,” the company added.

Google and Jio Platforms will also collaborate to develop ‘an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store’, the two companies had said in July.

‘Jio Platforms’ houses India’s youngest but largest telecom service provider Jio with more than 400 million users. It also houses the digital assets of RIL, including broadband connectivity, cloud and edge computing, big data analytics and artificial intelligence.

The Google-Jio deal will seek to leverage Jio and Google’s existing digital services to capture the emerging digitisation market beyond the current 500 million internet users in India.

 

Tags: FacebookGoogleJio PlatformsMukesh AmbaniReliance Industries
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

slide 2 to 4 of 30
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019

Archives

Select Month

    Editorial

    India’s Spy Shift

    July 5, 2025

    India’s espionage architecture is quietly shifting. The appointment of Parag Jain as the new chief of RAW comes at a...

    Read more

    Hungary Lessons

    Hungary
    July 2, 2025

    Revolting against oppression and seeking freedom is ingrained in human nature, something that a repressive regime finds out sooner or...

    Read more

    New Democratic Face

    Zohran Mamdani
    July 1, 2025

    US President Donald Trump, who had comfortably defeated his Democratic rival Kamala Harris in the recent presidential election and exuded...

    Read more

    Proof To Vote

    Vote
    June 30, 2025

    Months ahead of the Assembly polls in Bihar, the Election Commission of India (ECI) on 28 June launched a ‘special...

    Read more
    • Home
    • State
    • Metro
    • National
    • International
    • Business
    • Editorial
    • Opinion
    • Sports
    • About Us
    • Advertise
    • Contact Us
    • Jobs
    Developed By Ratna Technology

    © 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST

      • News in Odia
      • Orissa POST Epaper
      • Video
      • Home
      • Trending
      • Metro
      • State
      • Odisha Special
      • National
      • International
      • Sports
      • Business
      • Editorial
      • Entertainment
      • Horoscope
      • Careers
      • Feature
      • Today’s Pic
      • Opinion
      • Sci-Tech
      • About Us
      • Contact Us
      • Jobs

      © 2024 All rights Reserved by OrissaPOST