Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Wednesday announced that Google will buy a 7.7 per cent stake in its digital services unit, Jio Platforms, for Rs 33,737 crore, winning the backing of another US tech giant after Facebook Inc in April. India's richest man Mukesh Ambani announced the Google-Jio deal while addressing Reliance Industries shareholders at his group's 43rd annual general meeting through a video webcast. Google's investment in Jio Platforms - which houses telecom major Reliance Jio Infocomm - at a valuation of Rs 4.36 lakh crore for the digital platform, Reliance Industries said in a statement. Through a total 14 deals - Google included, Reliance Industries has sold a nearly 33 per cent stake in Jio Platforms for Rs 1.51 lakh crore since April 22.
Here are details of the 14 Jio Platforms deals announced by Reliance Industries since April 22:
| Investor | Amount (In Crore Rupees) | Stake (%) | Announcement Date |
|---|---|---|---|
| 43,573.62 | 9.99 | April 22 | |
| Silver Lake Partners | 5,655.75 | 1.15 | May 3 |
| Vista Equity Partners | 11,367.00 | 2.32 | May 8 |
| General Atlantic | 6,598.38 | 1.34 | May 17 |
| KKR | 11,367.00 | 2.32 | May 22 |
| Mubadala | 9,093.60 | 1.85 | June 5 |
| Silver Lake Partners and co-investors (additional investment) | 4,546.80 | 0.93 | June 5 |
| Abu Dhabi Investment Authority | 5,683.50 | 1.16 | June 7 |
| TPG | 4,546.80 | 0.93 | June 13 |
| L Catterton | 1,894.50 | 0.39 | June 13 |
| Public Investment Fund | 11,367.00 | 2.32 | June 18 |
| Intel Capital | 1,894.50 | 0.39 | July 3 |
| Qualcomm Ventures | 730 | 0.15 | July 12 |
| 33,737 | 7.73 | July 15 | |
| Total | 1,51,325.45 | 32.82 |
The Reliance-Google announcement comes just days after Alphabet CEO Sundar Pichai said his company would invest $10 billion in India over the next five to seven years through equity deals and tie-ups. (Also Read: Reliance Industries "In Its Golden Decade", Says Mukesh Ambani)
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