Business Companies 14 Jul 2020 Google in talks to i ...

Google in talks to invest $4 billion in Reliance's digital arm

REUTERS
Published Jul 14, 2020, 3:20 pm IST
Updated Jul 14, 2020, 3:53 pm IST
Investors, including Facebook and KKR & Co, have already poured in a combined $15.64 billion for just over 25% in Jio Platforms
Google in talks to invest $4 billion in Reliance's digital arm. (PTI Photo)
 Google in talks to invest $4 billion in Reliance's digital arm. (PTI Photo)

BENGALURU: Alphabet Inc’s Google is in advanced talks to invest $4 billion for a stake in the digital arm of Indian conglomerate Reliance Industries Ltd, Bloomberg reported on Tuesday, citing people familiar with the matter.

Google declined to comment, while Reliance did not immediately respond to a request for comment.

 

Investors, including Facebook and KKR & Co, have already poured in a combined $15.64 billion for just over 25% 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.

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Location: India, Karnataka, Bengaluru




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