According to sources, it has been stated that Google has decided to invest about Rs. 33,737 crore to buy 7.7 percent stakes in Reliance Industries. There have been investments happening since April that have crossed Rs. 1.52 lakh crore. California based Alphabet Inc has joined hands with Facebook Inc, that had opened the investment cycle for upto 9.9% states that amount to Rs 43,573.62 crores.
This deal has been a peak in Jios career as this would be the 11th deal with an investor. Earlier Jio had received Rs 1,894 crore from the semiconductor manufacturer Intel. Recently Reliance Industries has overturned a fortune of Rs 1,68,818 crores in two months through a series of stake sale deals.
Jio’s platforms have raised to Rs 11,367 crore that have be recurred by selling another 2.31% to Saudi Arabia’s sovereign. Jio platforms have also reportedly sold 0.93 per cent to global investment firm TPG for Rs 4,546.80 crore and 0.39 percent to private equity firm L Catterton.
