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Google pays Rs 33,737 crore for 7.73% stake in Reliance Industries’ arm

25 Nov 2020 Evaluate

Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 percent stake in Reliance Industries’ (RIL) digital subsidiary, Jio Platforms, joining the list of global investors such as Facebook. The transaction also marks the US technology giant's biggest-ever investment in an Indian company.

With this, Jio Platforms has raised a total of Rs 1.52 lakh crore by selling nearly 33 percent stake to 13 financial and strategic investors in just 11 weeks. This has helped RIL erase its net debt much ahead of the March 2021 target.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Reliance Industries Share Price

1300.40 -3.80 (-0.29%)
05-Jun-2026 10:07 View Price Chart
Peers
Company Name CMP
Reliance Industries 1300.40
Indian Oil Corp. 138.70
BPCL 294.30
HPCL 387.55
MRPL 157.45
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