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Tuesday, July 14, 2020

Google's Rs. In preparation to invest Rs 30,000 crore, the announcement could be made in a week


Google's Rs.  In preparation to invest Rs 30,000 crore, the announcement could be made in a week


  • If this investment comes, it will be the second largest investment in Geo platforms after Facebook
  •  Reliance sold a stake in Geo and raised Rs.  1.70 lakh crore


New Delhi.  For the past few months, Reliance Jio platforms have been in the spotlight.  The company is showing signs of re-investing.  The tech company is in talks to buy a stake in Google Geo platforms.  According to a report, Google will invest 4 4 billion (approximately Rs 30,000 crore) for this.  An announcement could be made in the next few days.

 This could be the second largest investment in Geo

 If Google invests in Reliance Jio, this will be the 14th investment the company will receive.  It will also be the second largest investment.  Earlier, Facebook had spent Rs.  Invested Rs 43,000 crore.

Reliance Industries has its Annual General Meeting (AGM) on Wednesday.  It is likely that Chairman Mukesh Ambani may hint at the deal at the AGM.  Reliance Industries has sold a stake in Geo since April and raised a total of Rs.  1.70 lakh crore.

 Google Rs.  Will invest Rs 75,000 crore
 At the Google for India event, Google CEO Sundar Pichai said that Google is excited to make a number of announcements for the digitization of India.  We will invest ભારતમાં 75,000 crore or 10 10 billion in India over the next 5-7 years.  The investment will be through equity investments, partnerships and operational infrastructure.

 Sold 25.24% stake in Geo Platforms so far
 In April this year, Facebook raised Rs.  43,573.62 crore.  Since then, the company has raised a total of Rs.  1.18 lakh crore has been invested.  Has sold 25.24% stake in Geo Platforms so far.

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 Investments have also been made by Silver Lake, Vista Equity, General Atlantic, KKR, Mubadla Abu Dhabi Investment Authority, TPG, L Catterton, PIF and Intel.

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