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At RIL's virtual 43rd AGM, Mukesh Ambani announced that Google will invest INR 33,737 crore (USD 4.5 billion) in Jio Platforms for a 7.7 per cent stake in the company
Intel Capital, the investment arm of Intel Corporation, is the 11th investor to announce an investment in Jio Platforms
Reliance Industries has raised INR 1.75 lakh crore against its debt of INR 1.61 lakh crore to become net debt-free, much ahead of the March 2021 deadline set by the company
The pile of investments peg Jio Platforms' equity value at INR 4.91 lakh crore and an enterprise value of INR 5.16 lakh crore
With this seventh deal in less than six weeks, Jio Platforms has raised INR 92,202.15 cr from 6 global technology investors
This is Jio Platform's sixth deal with a technology investor, totaling its funding so far to INR 87,655.35 cr