Google to invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms

Mumbai: Google will acquire a 7.7% stake in Jio Platforms for Rs 33,737 crore, the culmination of a series of global investments that have cumulatively brought more than Rs 1.52 lakh crore ($20 billion) into Reliance Industries’ technology and telecom arm. In future, there will be strategic partnerships in retail and petrochemicals and the energy business that will be overhauled, RIL chairman Mukesh Ambani said.

Ambani said RIL was “truly blessed” to have Google, Facebook and Microsoft as partners, the latter in a separate foray into cloud services.