Highlights

  • Google International LLC will be allotted 7.1 crore equity shares of Bharti Airtel on a preferential basis
  • Airtel to allot shares at Rs 734/share

Latest news

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

Dalai Lama launches 'Forest Resources in India' focused on climate, conservation and community

Dalai Lama launches 'Forest Resources in India' focused on climate, conservation and community

RBI raises FY26 GDP growth projection to 7.3 pc

RBI raises FY26 GDP growth projection to 7.3 pc

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

India not neutral, it is on side of peace: PM Modi to Putin on Ukraine conflict

India not neutral, it is on side of peace: PM Modi to Putin on Ukraine conflict

Rory McIlroy Survives Cut at Dramatic Australian Open

Rory McIlroy Survives Cut at Dramatic Australian Open

Google's billion dollar call to Airtel! The search giant now has a direct line to Jio & Airtel

Google will acquire a 1.28% stake in Airtel for $700 million

Google's billion dollar call to Airtel! The search giant now has a direct line to Jio & Airtel

Google is dialling into Bharti Airtel with a billion dollars. The deal includes Google investing $700 million to acquire 1.28 per cent ownership in Airtel and up to $300 million towards potential multi-year commercial partnership.

Also read and watch| Meet the New CEA: Dr V Anantha Nageswaran

Google will be allotted 7.1 crore equity shares of Bharti Airtel on a preferential basis at Rs 734 per share, aggregating to over Rs 5,200 cr.

Google already holds stake and is developing a smartphone with Mukesh Ambani's Jio. Google holds 7.73% stake in Jio Platform for which it paid over Rs 33,000 cr for in November 2020.

With the new investment the search giant has a direct line to India's top two telcos.

ADVERTISEMENT

Up Next

Google's billion dollar call to Airtel! The search giant now has a direct line to Jio & Airtel

Google's billion dollar call to Airtel! The search giant now has a direct line to Jio & Airtel

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Reliance completes merger of Star Television Productions with Jiostar

Reliance completes merger of Star Television Productions with Jiostar

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

Nifty hits record high after 14 months; Sensex nears all-time peak

Nifty hits record high after 14 months; Sensex nears all-time peak

ADVERTISEMENT

editorji-whatsApp

More videos

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

India signs one-year deal to import 2.2 million tonnes of LPG from US

India signs one-year deal to import 2.2 million tonnes of LPG from US

India International Trade Fair begins at Pragati Maidan amid tight security

India International Trade Fair begins at Pragati Maidan amid tight security

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

Dream debut: LG Electronics India shares jump over 50 pc

Dream debut: LG Electronics India shares jump over 50 pc

One GB wireless data in India costs less than a cup of tea: PM Modi

One GB wireless data in India costs less than a cup of tea: PM Modi

Power struggle in Tata Trusts: Trustees clash over board appointments

Power struggle in Tata Trusts: Trustees clash over board appointments

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.