Mukesh Ambani's Reliance buys an IT company of Hyderabad.

IT is the best business in India and the world right now, and no one can deny this fact. Many top companies in the past and the present have purchased small companies to jump in the IT world. 

Recently Mukesh Ambani's Reliance Industries has acquired stakes in Indian IT Company which is a startup venture of Hyderabad. Reliance Industries knows that Technology and related businesses are the future of India and it is the right time to come in the field with a good start-up.

The news came from BSE & NSE that Reliance Industries have acquired more than 80% stake in NowFloats, which is a Hyderabad based startup company.  According to the sources Deal has been done in 142crores by Reliance. It will be a new beginning the first step of Mukesh Ambani and his team towards IT. It will be great to see how Reliance grows in the coming years in the IT world