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

Share.

Comments are closed.

Get to know the
Exclusively Curated by Channeliam
Top Startups
channeliam.com
Get to know the
Exclusively Curated by Channeliam
Top Startups
channeliam.com
Exit mobile version