Media News
Campaign India Team
Jul 16, 2020

Official: Google to invest US$4.5 billion in Reliance Industries

Mukesh Ambani made the announcement during Reliance Industries' AGM.

Source: YouTube
Source: YouTube
A day after media reports suggested that Google will be acquiring a stake in Reliance Industries, Mukesh Ambani, chairman and MD, Reliance Industries, confirmed the news during an annual general meeting.
 
Google will be investing US$4.5 billion to get a 7.7% stake in Jio Platforms. The transaction is subject to regulatory and other customary approvals.
 
Earlier this week Google's CEO Sundar Pichai had announced that the company is looking to invest up to $10 billion in India in the next five to seven years. 
 
Reliance has now raised $20.3 billion in Jio Platforms in the last few months. 
 
 
 
 
Source:
Campaign India

Follow us

Top news, insights and analysis every weekday

Sign up for Campaign Bulletins

Most Read

The untapped potential of OTT for Singapore marketers

1 The untapped potential of OTT for Singapore marketers

Unilever CEO: 'Spend on social will jump from 30% to 50%'

2 Unilever CEO: 'Spend on social will jump from 30% to 50%'

Why so many are leaving adland to embark on 'solopreneurship'

3 Why so many are leaving adland to embark on 'solopreneurship'

HSBC’s CMO on using Hong Kong as a backdrop to storytelling

4 HSBC’s CMO on using Hong Kong as a backdrop to storytelling

Havas and Moonfolks form media alliance in Indonesia

5 Havas and Moonfolks form media alliance in Indonesia

Bitter chocolate: The fallout of a poorly planned promo on Chocolate Finance's reputation

6 Bitter chocolate: The fallout of a poorly planned promo on Chocolate Finance's reputation

Coca-Cola media business contract lies between Publicis and WPP

7 Coca-Cola media business contract lies between Publicis and WPP

WPP and Bain mull sale of Kantar Worldpanel data division for $6.5 billion

8 WPP and Bain mull sale of Kantar Worldpanel data division for $6.5 billion

Zachary Lim to helm IPG Mediabrands Singapore after Wavemaker stint

9 Zachary Lim to helm IPG Mediabrands Singapore after Wavemaker stint

Too old for the party, too young to leave—the paradox of middle age in advertising

10 Too old for the party, too young to leave—the paradox of middle age in advertising

Related Articles

Google to invest US$10 billion in India over next five-seven years: Sundar Pichai
Jul 14, 2020
Campaign India Team

Google to invest US$10 billion in India over next ...

Facebook and Reliance Jio: the birth of a conglomerate
May 12, 2020
Ravi Ganesh

Facebook and Reliance Jio: the birth of a conglomerate

Asia-Pacific Power List 2020: Aditya Bhat, Reliance Jio
Jun 29, 2020
Staff Reporters

Asia-Pacific Power List 2020: Aditya Bhat, Reliance Jio

Googlies on Google: A curiosity-driven game for search
Oct 25, 2024
Campaign India Team

Googlies on Google: A curiosity-driven game for search

Just Published

US regulator asks Omnicom and IPG for information ahead of vote on acquisition deal
3 hours ago
Will Green

US regulator asks Omnicom and IPG for information ...

Shareholder vote due to take place on 18 March.

'Not every brand or company needs to build AI': Google's Sapna Chadha on finding balance in SEA's creator economy
4 hours ago
Rahat Kapur

'Not every brand or company needs to build AI': ...

Amidst the AI gold rush, Google's Southeast Asia VP offers CMOs practical wisdom: Demonstrate value from existing tools before seeking new budgets, invest in prompt engineering expertise, and remember that while technology evolves rapidly, authenticity remains the currency that no algorithm can mint.

AFL invites a younger generation to the world of 'pigeon interference' and 'legendary speccys'
5 hours ago
Staff Reporters

AFL invites a younger generation to the world of ...

72andSunny and the AFL celebrate football fandom in Australia while trying to woo a younger audience.

Beyond keywords: Unlocking the power of AI visibility for your brand
5 hours ago
Alfonso Asensio

Beyond keywords: Unlocking the power of AI ...

As digital marketing shifts, brands must pivot from search engine optimisation to influencing AI systems like ChatGPT and Google Gemini, which now shape consumer perceptions, says Alfonso Asensio, MD of Jellyfish Japan.