Reliance India chairman Mukesh Ambani confirmed that Google will invest over Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms taking the string of investments well over Rs 152,000 crore.Ambani confirmed Google’s investment during the 43rd AGM.Google had announced a $10 billion digital fund for India a few days back that entailed investments in existing companies as well as expansion of AI foot print and spreading internet awareness in rural areas.“We’ll do it (deploy funds) through a mix of equity investments in large Indian companies, startups, partnerships, as well as infrastructure investments such as data centres,” Google’s Sundar Pichai had said. The fund size, he said, provides an “opportunity to directly make larger investments” in bigger companies.
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