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

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

September 10, 2020 Darnetta Mahaffy 0

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 $1.2 billion stake to Mubadala

June 5, 2020 Darnetta Mahaffy 0

Abu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms including Facebook and Silver Lake that have secured stakes in India’s biggest telecom operator at the height of a once-in-a-century global pandemic. Mubadala said it had agreed to invest $1.2 billion in Reliance Jio Platforms…