Have no points regarding the topic, but I guess this thread does not belong to this section. It has nothing to do with Legality, but it is more of a discussion. So maybe you should take it out from this Child board and post it in Bitcoin Discussion.
It has a very strong relation with Legality. Imagine if the India's biggest company launches its own coin in a fully transparent manner. Here transparent means, you know the founder and the real persons behind it, you know the financial background of the company promoting it. The value will immediately go to moon.
But if it really happens, Reliance group will strongly push the government to legalize the Cryptocurrency in India. The Indian government is still taking the middle route and didn't ban it yet. If Reliance steps in to this business, bitcoin will eventually be legalized along with it. So it's a hope for the crypto community of India for sure. That's how it's related to legal.