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Mukesh Ambani | Amazon: Mukesh Ambani's Reliance Industries To Offer Amazon $20 Bn Stake In Retail Arm

by economictimes.indiatimes.com posted 1week ago 190 views
Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is offering to sell a roughly $20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter.Amazon has held discussions about investing in the conglomerate’s Reliance Retail Ventures Ltd. unit and has expressed interest in negotiating a potential transaction, the person said.

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