2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.73%
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6.83%
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7.73%
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8.73%
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8.23%
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Detailed explanation-1: -NEW DELHI: Alphabet Inc’s Google has paid Rs 33, 737 crore for a 7.73 per cent stake in Reliance Industries Ltd’s (RIL) digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook, billionaire Mukesh Ambani’s firm said.
Detailed explanation-2: -In 2020, Google and Meta (formerly Facebook) had invested Rs 33, 737 crore and Rs 43, 574 crore respectively in Reliance’s Jio Platforms. Google will reportedly acquire 1.28 percent of Airtel with an investment of $700 million, at Rs 734 per share.
Detailed explanation-3: -Google had invested a whopping Rs 33, 737 crore in Reliance industries digital subsidiary, Jio Platforms Ltd. Google currently holds a 7.73% stake in Jio Platforms.
Detailed explanation-4: -Why is Google investing in Airtel? The deal between Google-Airtel is a link to the Google-Jio deal. Google-Jio aimed to collaborate on developing a customised version of the Android mobile operating system for Indian users. The Google-Airtel deal will help build low-cost, entry-level smartphones for Indian users.
Detailed explanation-5: -Google announced in July that it would be investing $4.5 billion for a 7.73% stake in the top Indian telecom network.