Google in talks to invest $4 billion in Reliance's digital arm: Report | Tech News

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

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

By:REUTERS
| Updated on: Aug 20 2022, 22:04 IST
The funding spree, which began late April, and a share sale by Reliance have helped make India's biggest company net-debt free.
The funding spree, which began late April, and a share sale by Reliance have helped make India's biggest company net-debt free. (MINT_PRINT)

Google is in advanced talks to invest $4 billion ( 4,00 crores approx) 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.

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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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First Published Date: 14 Jul, 15:06 IST
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