New Delhi, July 15

India’s Reliance Industries on Wednesday stated Alphabet Inc’s Google will purchase a 7.7 per cent stake in its digital unit for $4.5 billion, profitable the backing of one other US tech big after Facebook Inc in late April.

With Google’s funding, strategic and monetary traders have dedicated a complete of 1.52 trillion rupees ($20.22 billion) previously few months, Reliance chairman and billionaire tycoon Mukesh Ambani stated on the firm’s annual shareholders assembly hosted by way of a webcast.

Reliance’s digital unit Jio Platforms homes music and film apps however its mainstay is telecoms agency Jio Infocomm – India’s largest cellular service with greater than 387 million customers. Reuters