India’s richest man, Reliance Chairman Mukesh Ambani, sees a pivot to digital commerce as his legacy, say people familiar with his thinking
Facebook Inc. and a trio of U.S. private-equity firms have in the past month poured billions of dollars into an upstart mobile operator controlled by India’s richest man.
The stakes, which add up to $8.8 billion, amount to a bet that Jio Platforms Ltd. and Mukesh Ambani, the chairman and largest shareholder of its parent company, Reliance Industries Ltd., are the players best positioned to bring legions of Indian consumers fully online and into e-commerce.
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