The ostensible battleground is a US$3.4bil deal Indian tycoon Ambani’s Reliance Industries Ltd stitched up in August to acquire assets of debt-laden local retailer Future Group. (File pic - Mukesh Ambani)
A vanilla commercial dispute is setting the stage for a clash between the world’s No. 1 and No. 6 richest men. But the legal wrangling is a sideshow. What Jeff Bezos and Mukesh Ambani are really fighting over is pole position in the only billion-plus-people consumer market available to both of them: India.
The ostensible battleground is a US$3.4bil deal Indian tycoon Ambani’s Reliance Industries Ltd stitched up in August to acquire assets of debt-laden local retailer Future Group.
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