Global Internet giant Google is looking to buy up to 5% stake in debt-laden Vodafone Idea. Google's parent company Alphabet Inc is trying to buy some stake in Reliance Jio Infocomm, rival of Vodafone Idea, without providing details.
The report comes almost a month after social media giant Facebook took a 9.9 percent stake in Reliance Industries Ltd's Jio platforms for Rs 43,574 crore ($ 5.7 billion). JIL Platform, a wholly owned subsidiary of RIL, has since seen investments by global private equity players such as General Atlantic, Silver Lake Partners, Silver Lake Partners and KKR.
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