RIL’s Jio Platforms receives Rs 33,737 crore from Google

NEW DELHI: Reliance Industries Ltd (RIL NSE 0.11 %) said that subsidiary Jio Platforms has received Rs 33,737 crore from Google for a 7.73% stake, the US internet giant’s biggest-ever investment in an Indian company.

The transaction comes after the Competition Commission of India (CCI) recently approved Google’s investments into Jio Platforms and the partnership to develop affordable 4G and 5G Android-based smartphones.