Reliance Industries offers Amazon $20 billion stakes in the retail arm

If happens, the deal would be the biggest ever in India and create a retail behemoth

It will make Jeff Bezos and Mukesh Ambani from competitors to allies

Sources say Reliance Industries is willing to sell as much as a 40% stake in the subsidiary to Amazon

Private equity firm Silver Lake had acquired 1.75% stake in Reliance Retail on Wednesday

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