Google acquires 7.73% stake in Jio Platforms for Rs 33,737 crore

Google acquires 7.73% stake in Jio Platforms for Rs 33,737 crore

• The global technology giant Google will invest Rs 33,737 crore (US$4.7 billion) to acquire 7.73 percent stake in Jio Platforms, the subsidiary of Reliance Industries Limited which houses its telecom and digital operations.
• With this investment, Google becomes the second biggest foreign investor in Jio Platforms after Facebook’s Rs 43,574 crore for a 9.99 percent stake.
• Google is the 13th investor to buy stake in RIL’s telecom and digital business in less than two months.
• With the latest investment, Jio Platforms has raised Rs 1,52,055.45 crore from 14 investments, for a combined stake of 32.97 percent.
• Google’s stake purchase values Jio at Rs 4.36 trillion.

List of all Investors and Investments of Jio Platforms

Date	Company	Investment (crore)	Stake (percent)
22 April	Facebook	Rs 43,573.62	9.99
4 May	Silver Lake	Rs 5,655.75	1.15
8 May	Vista	Rs 11,367	2.32
17 May	General Atlantic	Rs 6,598.38	1.34
22 May	KKR	Rs 11,367	2.32
5 June	Mubadala	Rs 9,093.60	1.85
5 June	Silver Lake	Rs 4,546.80	0.93
7 June	ADIA	Rs 5,683.50	1.16
13 June	TPG	Rs 4,546.80	0.93
13 June	L Catterton	Rs 1,894.50	0.39
18 June	PIF	Rs 11,367	2.32
2 July	Intel Capital	Rs 1,894.50	0.39
12 July	Qualcomm	Rs 730	0.15
15 July	Google	Rs 33,737	7.73

Source: Business Standard