Indian billionaire Mukesh Ambani recently bought UK-based company Stoke Park Ltd. for $79 million.
Stoke Park Ltd, which owns a hotel and golf course, will add to Reliance's consumer and hospitality assets, Reliance said in a filing late Thursday, reports the NDTV Citing Bloomberg.
Ambani, who is also Asia's richest person, is looking to pivot his oil-reliant business toward consumer offerings. In recent years he has bought iconic British toy store Hamleys and has quickly become India's biggest telecom operator by subscribers since starting services in 2016.
Facebook, Google and a clutch of private equity and sovereign wealth funds have invested more than $25 billion into his businesses betting on their success.