India's Reliance Industries is offering to sell a roughly US$20bil (RM83.33bil) stake in its retail arm to Amazon.com Inc. — Reuters
BENGALURU: India's Reliance Industries is offering to sell a roughly US$20bil (RM83.33bil) stake in its retail arm to Amazon.com Inc, Bloomberg News reported on Sept 10, citing one unnamed person with knowledge of the matter.
The oil-to-telecoms conglomerate led by billionaire Mukesh Ambani, which has already raised US$20bil in this year from investors including Facebook and Google, is willing to sell an up to 40% stake in the retail business to Amazon, the agency reported.
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