Reliance may buy 51% stake in software startup NowFloats: Report

Mukesh Ambani-led Reliance is reportedly in advanced talks to acquire 51% stake in Hyderabad-based software startup NowFloats. "The negotiation has been underway for about two months...the deal [could] be sealed and announced later this month," Entrackr's sources said. Entrackr said it has confirmed from NowFloats' regulatory filings that it's in the process of selling 51% equity.