It is said that Amazon is negotiating to acquire 9.9percent shares of Indias richest mans retail subsidiary

category:Internet
 It is said that Amazon is negotiating to acquire 9.9percent shares of Indias richest mans retail subsidiary


Ambani, chairman of Reliance Industries in India, has told shareholders that reliance retail, its retail subsidiary, has received investor advice and is likely to introduce new investments in the coming months, according to people familiar with the matter.

There is a strong interest in reliance retail from strategic and financial investors and we will bring in global partners and investors for it in the next few quarters, Ambani told shareholders

In recent months, Ambanis digital platform has attracted about $20 billion from Google and Facebook. The 63 year old tycoon has identified technology and retail as future growth areas to get rid of his dependence on the energy business he inherited from his late father.

A spokesman for Reliance Industries declined to comment. (small)

Source: Wang Fengzhi, editor in charge of Netease science and Technology Report_ NT2541