Google announces to invest $ 4 billion into reliance Jio.

Google to invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms.

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Google is in advanced talks to invest close to $4 billion into Reliance Industries Ltd’s digital assets unit as the search giant seeks to join a host of marquee investors, including rival Facebook Inc.

Just after Google announces that they will invest $ 10 billion in India. The US company is now about to spend a good portion of amount for a stake in Jio.

Google is in advanced talks to invest $ 4 billion into Reliance industries Ltd’s.

The investment will be another feather of billionaire Mukesh Ambani. Mukesh recently raised a record of rupees 1.18 trillion since 22 April.

The raise came after selling stakes in jio platform limited.

Now after Google investment will take the total fund raise to 1.48 trillion.

According to Bloomberg, Google will acquire rupees 30, 000 crore stake in jio.

When Google CEO Sundar Pichai announced that $ 10 billion investment he also mentioned that the company will route the investment through equity deals and partnership.

And if the deal happens Google will join Facebook and of private equity firm piling in to Ambani’s venture.

Facebook paid $ 5.7 billion forever of 10% of jio platform.

The messaging app has roughly 10 million users in the country about the same as Reliance jio infocomm limited, subscriber base for wireless services.