Tag: Mukesh Ambani
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Reliance dismisses reports of $20 billion deal with Amazon
Reliance Industries Ltd. has dismissed a report that it was planning to sell a $20-billion stake in its retail business to its American rival Amazon. The report was published by Bloomberg on Thursday stating that Mumbai-based RIL is willing to offer an approximate 40 percent stake in its subsidiary Reliance Retail Ventures Ltd. (RRVL) to ... -
Marquee equity investor Vista buys stake in Reliance Jio
In the third major deal in as many weeks, Reliance has announced the sale of 2.32% of stake in Jio to American private equity firm Vista Equity Partners. After Facebook and Silver Lake, American tech-equity firm Vista will be investing Rs 11,367 crore in Jio for a 2.32% stake in the platform. This deal values ...