(Geetesh Ujjainwal, Intern Journalist) 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.
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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