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Today General Knowledge(GK)
Which company has announced USD 1 billion investment in Bharti Airtel?
A)
Google
B)
Apple
C)
Amazon
D)
Microsoft

Correct Answer : Option (A) - Google



Alphabet Inc's "Google" will invest up to USD 1 billion in Bharti Airtel in a move that could help bolster the Indian telecom operator's digital offerings, the companies said in a BSE filing on Friday(28th Jan 2022).
 
The investment includes a USD 700 million equity investment in Airtel at a price of 734 rupees (USD 9.77) per share and up to USD 300 million towards implementing commercial agreements, including investments in scaling Airtel's offerings, the companies said.
 
The share issue is subject to regulatory and shareholder approval and comes months after Airtel raised up to 210 billion rupees through a sale of shares to existing shareholders.
 
Airtel shares were up 0.54 per cent at 711 rupees after the announcement.
 
Google announced plans less than two years ago to infuse USD 10 billion in India via its digitisation fund over five to seven years through equity deals and tie-ups.

Source : India Today

Published On : January 28, 2022
Category : Business and Economics
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