After Facebook, RIL in talks with other global investors for similar deal

Days after selling a stake in its digital arm to Facebook for $5.7 billion, Reliance Industries on Thursday said it was in talks with other strategic and financial investors for a similar-sized deal that will help cut debt at the unit.

Without revealing the identity of the companies, RIL in its fourth-quarter earnings statement said the investment would be announced in the coming months. “In addition to the FB investment, the board was informed that RIL has received strong interest from other strategic and financial investors and is in good shape to announce a similar-sized investment in the coming months,” it said.