Google to invest $4.5 billion in Jio Platforms for 7.7% stake: Ambani

Mukesh Ambani

Google will invest nearly $4.5 billion in Jio Platforms, the parent company of India's largest telecom provider Reliance Jio, for a 7.7% stake, Reliance Chairman Mukesh Ambani announced during the company's 43rd Annual General Meeting. With this, Jio Platforms has raised over $20 billion in the past few months. Facebook had invested $5.7 billion in Jio Platforms for a 9.99% stake.