The searing rally in Reliance Industries Ltd. shares is becoming a problem for Indian equity mutual funds. The stock has more than doubled since a March low, thanks to President Mukesh Ambani’s fundraising blitz. The rise has increased the company’s weighting on the S&P BSE Sensex to 17.4%, from 11% …
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The searing rally in Reliance Industries Ltd. shares is becoming a problem for Indian equity mutual funds. The stock has more than doubled since a March low, thanks to President Mukesh Ambani’s fundraising blitz. The increase has increased the company’s weighting on the S&P BSE Sensex to 17.4%, from 11% …
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Ambani’s Reliance Industries Ltd. is said to be offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., Bloomberg News reported this week. If Ambani manages to finalize such a deal, it would mark another victory for the billionaire, who in recent months has …
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Mukesh Ambani has joined the World’s Richest League with the help of a simple formula: gather fans for $ 2 deals. He first got Facebook Inc. and Google to back his fledgling digital ambitions, and now he may be trying to lure Amazon.com Inc. into his retail company, which is …
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Mukesh Ambani (AFP) MUMBAI / NEW DELHI: Reliance Industries Ltd (RIL), controlled by Mukesh Ambani, has offered a significant stake in its local retail unit to Directed by Jeff Bezos Amazon.com, a deal, if it goes through, would make the two billionaires and business rivals strategic partners in one of …
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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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Reliance Industries Ltd., owned by Indian billionaire Mukesh Ambani, is offering to sell an approximately $ 20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held investment talks in the conglomerate’s Reliance Retail Ventures Ltd. unit and has …
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NEW DELHI: The market valuation of Dependency industries (RIL) reached another milestone on Thursday. The company became the first publicly traded Indian firm to exceed $ 200 billion in market capitalization or m-cap. The company’s shares rose 6.2 percent in midday trading in Mumbai after hitting an intraday record. The …
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KKR & Co. is in advanced talks to invest at least $ 1 billion in Indian billionaire Mukesh Ambani’s retail business, according to people familiar with the matter, in what could be another US investment in the unit following the Silver Lake deal. . KKR is in talks for a …
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(File photo) BENGALURU: Dependency industries Ltd said on Wednesday US private equity firm Silver Lake Partners It would buy a 1.75% stake in its retail arm for 7.5 billion rupees ($ 1.02 billion) as the Indian conglomerate strengthens its retail presence in the country. Trust, controlled by the richest man …
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