Digital
Campaign India Team
Jul 15, 2020

Official: Google to invest Rs 33,737 crore in Reliance Industries

Mukesh Ambani made the announcement during Reliance Industries' AGM

Source: YouTube
Source: YouTube
A day after media reports suggested that Google will be acquiring a stake in Reliance Industries, Mukesh Ambani, chairman and MD, Reliance Industries, confirmed the news during an annual general meeting.
 
Google will be investing Rs 33,737 crore to get a 7.7 per cent stake in Jio Platforms. This transaction is subject to regulatory and other customary approvals.
 
Earlier this week Google's CEO Sundar Pichai had announced that the company is looking to invest Rs 75,000 crore in India in the next five to seven years. 
 
Reliance has now raised Rs 1,52,056 crore in Jio Platforms in the last few months. 
 
 
 
 
Source:
Campaign India

Follow us

Top news, insights and analysis every weekday

Sign up for Campaign Bulletins

Most Read

'Central IPL sponsorships aren't as sexy as team partnerships'

1 'Central IPL sponsorships aren't as sexy as team partnerships'

Airtel Payments Bank’s ‘Safe Second Account’ urges digital caution

2 Airtel Payments Bank’s ‘Safe Second Account’ urges digital caution

Marketers shift focus from sparkle to substance at SMARTIES 2025

3 Marketers shift focus from sparkle to substance at SMARTIES 2025

AI’s double-click: More speed, less soul?

4 AI’s double-click: More speed, less soul?

Havas ‘could be interested’ to buy or partner with some of Dentsu’s international assets

5 Havas ‘could be interested’ to buy or partner with some of Dentsu’s international assets

Piyush Pandey dies at 70; the industry mourns a legend

6 Piyush Pandey dies at 70; the industry mourns a legend

When creativity meets code: The human algorithm problem

7 When creativity meets code: The human algorithm problem

Trust is the new creative brief

8 Trust is the new creative brief

Arthur Sadoun on why Publicis is ‘winning’ and how ‘struggling’ rivals have dragged down agency valuations

9 Arthur Sadoun on why Publicis is ‘winning’ and how ‘struggling’ rivals have dragged down agency valuations

Five rules for crafting a high-impact festive campaign

10 Five rules for crafting a high-impact festive campaign

Related Articles

Elon Musk is the most discussed business personality in the world; Mukesh Ambani, Sundar Pichai also in top 10: Report
Marketing
Sep 21, 2021
Campaign India Team

Elon Musk is the most discussed business personality...

Google to invest Rs 75,000 crore in India over next five-seven years: Sundar Pichai
Digital
Jul 13, 2020
Campaign India Team

Google to invest Rs 75,000 crore in India over next ...

Google in talks to invest Rs 30,000 crore in Jio
Digital
Jul 14, 2020
Campaign India Team

Google in talks to invest Rs 30,000 crore in Jio

Vista Equity Partners gets 2.32% stake in Reliance Jio through Rs 11,367 crore investment
Digital
May 08, 2020
Campaign India Team

Vista Equity Partners gets 2.32% stake in Reliance ...

Just Published

Jill Kramer to replace Raja Rajamannar as Mastercard chief marketing, comms officer
Marketing
2 days ago
Diana Bradley

Jill Kramer to replace Raja Rajamannar as Mastercard...

Effective December 1, Rajamannar will step down after serving in the role for 12 years.

Publicis Groupe’s global chief production officer James Morris departs
Advertising
2 days ago
Lucy Shelley

Publicis Groupe’s global chief production officer ...

Morris joined the holding company in January 2024.

Jaguar Land Rover shortens pitch list to three as global review heats up
Advertising
2 days ago
Lucy Shelley

Jaguar Land Rover shortens pitch list to three as ...

Accenture Song, Omnicom, Publicis and WPP have been battling for the account.

Omnicom now ‘confident’ IPG deal will close in November as EU approval nears
Advertising
2 days ago
Gideon Spanier

Omnicom now ‘confident’ IPG deal will close in ...

European Union is the last remaining jurisdiction where Omnicom is poised to win approval.