Tag Archives: india inc

Reliance Offers Amazon $ 20 Billion Stake In Retail Arm: Report

Reliance Industries Ltd (RIL), the oil-to-telecommunications conglomerate led by Mukesh Ambani, is offering to sell roughly $ 20 billion in equity in its retail arm, Reliance Retail, to Amazon. BloombergQuint reported Thursday, citing Bloomberg News. Amazon has held discussions about investing in Reliance Retail and has expressed interest in negotiating …

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