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Tech giant splashes out Rs 5,224 crore to claim 1.2 per cent of the telecom company

Google made the investment as part of its $10-billion India Digitization Fund.

Get latest articles and stories on Latest News at LatestLY. Telecom operator Bharti Airtel on Thursday said it has allotted over 7.1 crore equity shares to internet major Google for Rs 734 apiece. Latest News | Bharti Airtel Allots 1.2 Per Cent Equity Shares to Google for Rs 5,224 Crore.

Telecom operator Bharti Airtel on Thursday said it has allotted over 7.1 crore equity shares to internet major Google for Rs 734 apiece. The allotment is part of Google's commitment to invest $1 billion with Airtel, which included equity investment in the company worth $700 million, about Rs 5,224 crore, Airtel said in a regulatory filing.

Airtel shareholders approve Google investment, Rs 1.17 lakh cr biz deals with group firms

This resolution was approved with a 99.99% majority at Airtel’s Extra-Ordinary General Meeting (EGM).

Mumbai: Telecom major Bharti Airtel on Wednesday announced its third quarter FY 2022 results. The company has posted quarterly revenues of Rs 29,867 crore, up 18.3 per cent year-on-year backed by strong and consistent performance delivery across the portfolio. It reported net income (after exceptional items) of Rs 830 crore. The telecom company’s India business saw quarterly

Alphabet Inc CEO Sundar Pichai said that Google's $10 billion Google for India Digitization Fund is a reflection of the company’s confidence in India.

Google will invest up to $1 billion in a partnership with Airtel as part of its Google for India Digitization Fund.

Software giant Google has acquired 1.28% equity stake in Bharti Airtel Limited.