πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Recently the telecom firm Bharti Airtel allotted 1.2%

      equity shares to which company for USD 1 Billion?
      A Microsoft Correct Answer Incorrect Answer
      B IBM Correct Answer Incorrect Answer
      C HCL Correct Answer Incorrect Answer
      D Google Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Telecom operator Bharti Airtel has allotted over 7.1 crore equity shares to internet major Google for Rs 734 a piece. The allotment is part of Google’s commitment to invest USD 1 billion with Airtel, which included equity investment in the company worth USD 700 million, about Rs 5,224 crore. Google now holds a 1.2% stake in India’s 2 telecom service providers. The investment follows Google’s USD 4.5 billion investment in Reliance Jio in July 2020 for India Digitization Fund.

      Practice Next

      Relevant for Exams:

      ask-question