Alphabet’s Google is in advanced talks to invest $4 billion (roughly Rs. 30,140 crores) for a stake in the digital arm of Indian conglomerate Reliance Industries, Bloomberg reported on Tuesday, citing people familiar with the matter.Google declined to comment on the Bloomberg report, while Reliance did not immediately respond to a request for comment.Investors, including Facebook and KKR, have already poured in a combined $15.64 billion (roughly Rs. 1.17 lakh crores) for just over 25 percent in Jio Platforms. The funding spree, which began late April, and a share sale by Reliance have helped make India’s biggest company net-debt free.© Thomson Reuters 2020


Source link


Please enter your comment!
Please enter your name here