RIL invests $50 million in Bill Gates' Breakthrough Energy Ventures

In a filing to stock exchanges, Reliance said it would make the investment in tranches over the next 8 to 10 years

Reliance Industries (RIL) has invested $50 million in Breakthrough Energy Ventures, a climate change company owned by Microsoft co-founder Bill Gates.
 
In a filing to stock exchanges, RIL said it would make the investment in tranches over the next 8 to 10 years.
 
“The capital contribution commitment of $50 million constitutes 5.75 per cent of the size of the fund contemplated at present,” the company said. The transaction is subject to approval from the Reserve Bank of India. The oil-telecom-to-retail conglomerate said it has “entered into a definitive agreement, for making a capital contribution, up to $50 million,