Jio Platforms' 14 Deals Announced Since April 22

Google's investment in Jio Platforms at a valuation of Rs 4.36 lakh crore for the digital platform, Reliance Industries said.

Jio Platforms' 14 Deals Announced Since April 22

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Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Wednesday announced that Google will buy a 7.7 per cent stake in its digital services unit, Jio Platforms, for Rs 33,737 crore, winning the backing of another US tech giant after Facebook Inc in April. India's richest man Mukesh Ambani announced the Google-Jio deal while addressing Reliance Industries shareholders at his group's 43rd annual general meeting through a video webcast. Google's investment in Jio Platforms - which houses telecom major Reliance Jio Infocomm - at a valuation of Rs 4.36 lakh crore for the digital platform, Reliance Industries said in a statement. Through a total 14 deals - Google included, Reliance Industries has sold a nearly 33 per cent stake in Jio Platforms for Rs 1.51 lakh crore since April 22. 

Here are details of the 14 Jio Platforms deals announced by Reliance Industries since April 22:  

InvestorAmount (In Crore Rupees)Stake (%)Announcement Date
Facebook43,573.629.99April 22
Silver Lake Partners5,655.751.15May 3
Vista Equity Partners11,367.002.32May 8
General Atlantic6,598.381.34May 17
KKR11,367.002.32May 22
Mubadala9,093.601.85June 5
Silver Lake Partners and co-investors (additional investment)4,546.800.93June 5
Abu Dhabi Investment Authority5,683.501.16June 7
TPG4,546.800.93June 13
L Catterton1,894.500.39June 13
Public Investment Fund11,367.002.32June 18
Intel Capital1,894.500.39July 3
Qualcomm Ventures7300.15July 12
Google33,7377.73July 15
Total1,51,325.4532.82

The Reliance-Google announcement comes just days after Alphabet CEO Sundar Pichai said his company would invest $10 billion in India over the next five to seven years through equity deals and tie-ups. (Also Read: Reliance Industries "In Its Golden Decade", Says Mukesh Ambani)