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Addressing the Reliance Annual General Meeting (AGM) on Wednesday, 15 July, Mukesh Ambani announced that Google will be a strategic partner in Jio Platforms.
Under the strategic partnership, Google will invest Rs 33,737 crore for a 7.7 percent stake in Jio Platforms, the Reliance Industries head said at the firm's AGM, adding that the target of capital raise for Jio Platforms is complete with the onboarding of Google.
Reliance Jio, Ambani announced, has also partnered up with Facebook.
He also announced that Jio is developing a complete 5G solution from scratch, with trials to be launched as soon as the 5G spectrum is available, reported PTI.
Starting his address by calling the COVID-19 outbreak the most disruptive event in modern history, Ambani also said that the video conferencing app JioMeet has seen 5 million downloads within days of its launch.
Mukesh Ambani also talked about Jio Mart and their partnership with local kirana stores.
Ambani further shared that they are well ahead of his goal of March 2021 with Reliance emerging as a zero net debt company.
(With inputs from PTI.)
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