Google buys 7.7% stake in Jio for Rs 33,737 cr

July 15, 2020 14:28

Google to invest over Rs 33,737 cr for 7.7 per cent stake in Jio Platforms, says Mukesh Ambani at the company's annual general meeting. Ambani says target of capital raise for Jio Platforms is complete with onboarding of Google.

India's richest Indian Mukesh Ambani on Wednesday said India's first cloud-based video conferencing app JioMeet has seen 5 million downloads within days of its launch. Reliance Industries earlier this week launched JioMeet video conferencing app with unlimited free calling, which is being seen as rate war on rival Zoom. JioMeet video conferencing app is available across Android, iOS, Windows, macOS and web. Addressing the company's 43rd annual general meeting, Ambani said JioMeet has seen 5 million downloads by users within days of its launch.

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