Mumbai, Nov. 8: Reliance Industries Ltd has started lining up content for its proposed 4G rollout.
On Tuesday, Infotel Broadband Services Ltd, a subsidiary of RIL, bought a 38.5 per cent stake in Extramarks Education Pvt Ltd, an online education portal that focuses on school education and digital learning.
According to a media release by RIL, the investment in Extramarks has been made through an affiliate company Reliance Strategic Investments Ltd.
Sources said this acquisition would offer the company's 4G users access to this education portal.
The company declined to talk about the size of the investment.
A media release by RIL said, "The investment by Infotel will help Extramarks to pursue its aggressive growth plans in further developing services and wider market penetration. Extramarks' digital distribution model will provide invaluable service to the student community across age groups, including education support and study help at affordable prices."
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