Amazon in Talks to Buy Stake in Reliance Retail, ET Now Reports
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Amazon.com Inc. is in preliminary talks to acquire a 9.9% stake in Indian billionaire Mukesh Ambani’s retail venture, ET Now reported, citing unidentified people.
Asia’s richest man and the chairman of Reliance Industries Ltd. told shareholders last week that Reliance Retail Ltd. is getting inquiries from investors and may start bringing some on board in the coming months.