India’s largest company, Reliance Industries, has reportedly offered Amazon a 40% stake in its retail arm for $20 billion

Summary List Placement India’s largest company, Reliance Industries, has offered to sell 40% of its retail arm to Amazon for around $20 billion, Bloomberg News reported. This deal would be one of Amazon’s largest-ever investments. Reliance Retail owns e-commerce platform JioMart, a major, fast-growing rival to Amazon in India.  In June, Amazon was reportedly considering…

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India’s Reliance Jio Platforms to sell $750 million stake to Abu Dhabi Investment Authority

Mukesh Ambani has courted the seventh major investor for his telecommunications business in just as many weeks. On Sunday, Reliance Jio Platforms said it will sell a stake of 1.16% for $750 million to Abu Dhabi Investment Authority (ADIA), continuing its eye-catching run of investments at the height of a global pandemic. The three-and-a-half-year-old digital…

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