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Google in advanced talks to invest $4 bn in Reliance 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

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The funding spree, which began late April, and a share sale by Reliance have helped make the company net-debt free | File Photo of Google

Reuters Bengaluru

1 min read Last Updated : Jul 14 2020 | 3:07 PM IST

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.

Topics : Google Reliance Reliance Jio