Deals

Vista Stake Caps $8 Billion Deal Run for Asia’s Richest Man

Ambani gets three Silicon Valley investors in as many weeks
Series of stake sales show rush to reshape Reliance Industries

Mukesh Ambani
Photographer: Dhiraj Singh/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Sanjai P R and Saritha Rai

May 8, 2020 at 6:33 AM UTC

Updated on

May 8, 2020 at 10:24 AM UTC

This article is for subscribers only.

Billionaire Mukesh Ambani is a man on a mission: to dominate India’s consumer Internet market -- from online retail to digital payments.

He just sealed three deals in as many weeks to raise a combined $8 billion, including from Facebook Inc. Asia’s richest man isn’t done yet, as he races to transform the legacy oil-and-petrochemicals empire his late father built into a technology-driven, e-commerce force.