Jio Platforms receives subscription amount of Rs 33,737 cr from Google

Jio Platforms Limited has received the subscription amount of Rs 33,737 crore from Google International LLC, a wholly owned subsidiary of Google LLC.

Jio Platforms Limited has allotted equity shares to Google International LLC following which Google International LLC holds 7.73 per cent of the fully-diluted equity share capital of Jio Platforms Limited.

Reliance Industries Limited (RIL) said in a filing that after receipt of all requisite approvals, Jio Platforms Limited, a subsidiary of the company, on Monday received the subscription amount of Rs 33,737 crore from Google International LLC.

The Google investment in Jio was announced on July 15. On November 11, the Competition Commission of India (CCI) had approved the acquisition of 7.73 per cent in Jio Platforms by Google. This was announced by the CCI in a tweet.