In what is an important development for Indian language enabling of India’s Internet, Reliance Industries has acquired a majority stake in Reverie Language Technologies: RIL, India’s largest business conglomerate, has acquired an undisclosed majority stake for Rs.190 cr. (around $27.3 mn a current conversion rates), and will invest Rs.77 cr. (almost $10 mn) by March 2021.
Reliance Industries acquires majority stake in Indic language business Reverie
Date posted: Tuesday 23 April 2019