Vodafone Idea has rejected reports that Google's parent company Alphabet is about to buy shares in Vodafone Idea. The report said that discussions are underway between Google and Vodafone Idea about the investment and after this deal, Google will have a five per cent stake in Vodafone Idea. The report also claimed that Google was earlier preparing to invest in Reliance Jio, but it won over Facebook.
After the report of Google's investment in the company came out, there was a 35% increase in the shares of the company on the BSE. Signature has announced that Facebook has invested Rs 43,574 crore, or $ 6.22 billion in the Jio platform. Facebook will get 9.99 per cent stake in Jio after Facebook's investment. The deal between Facebook and Jio is said to be the largest foreign investment ever in India's technology sector.
On 4 May 2020, Silver Lake Company also announced an investment of Rs 5655.75 crore in Jio Platforms. Silver Lake will receive approximately 1.15% equity in return for this investment. The equity value of Jio Platforms in Silver Lake's investment is estimated at 4.90 lakh crore. This is 12.5 percent more than Facebook's value.