Reliance Industries’ arm receives subscription amount from Google International LLC

24 Nov 2020 Evaluate

Reliance Industries’ subsidiary company -- Jio Platforms has received the subscription amount of Rs 33,737 crore from Google International LLC (a wholly owned subsidiary of Google LLC). The company has allotted equity shares to Google International LLC following which Google International LLC holds 7.73% of the fully diluted equity share capital of Jio Platforms.

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.

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