Friday, 24 March, 2023

RIL's Jio Platforms receives Rs 33,737 cr from Google after CCI's approval

<p>Jio Platforms has received Rs 33,737 cr from Google after the CCI approved the search giant picking up 7.73% stake in the Reliance Industry owned platform. It is Google&#39;s biggest-ever investment in an Indian company. The approval is also a green light to Google&#39;s joint effort of developing entry-level Android smartphones. Jio Platforms will soon get all the funds from its 13 investors who together had injected Rs 1,52,056 cr for a cumulative equity stake of 32.96%.</p>