Google to buy stake in Reliance Jio after Mukesh Ambani secures funding from Facebook, others

US-based tech giant Google is set to buy stake in Reliance Jio for over Rs 33,700 crore after RIL’s telecom announced multiple deals with global partners in the last few weeks. Under the latest partnership, Google will buy 7.7% equity stake in Reliance Industries Ltd’s four-year-old, RIL chairman Mukesh Ambani said at the company’s 43rd Annual General Meeting. Jio has already secured funding from many global investors such as Mubadala, KKR, etc. “Target is now complete, now looking only for strategic partners in the business,” Mukesh Ambani said.