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Carlyle & SoftBank have expressed interest in investing in Reliance Retail but have been asked to wait as Reliance is already in talks with other investors.
Silicon Valley’s ambitions in India represent a threat to Ambani’s ability to achieve dominance in his home market, but winning their cooperation, could help him achieve it faster.
Mukesh Ambani’s fundraising blitz increased the company’s weighting in the S&P BSE Sensex to 17.4%, from 11% at the end of 2019.
For Mukesh Ambani to get into bed with Facebook, Google, and possibly even Amazon at the same time takes some chutzpah.
Amazon has held talks about investing in Mukesh Ambani’s Reliance Retail Ventures, which is offering to sell a roughly $20 billion stake.
Private equity firm KKR & Co. could invest as much as $1.5 billion. This could be another US investment after Silver Lake’s deal of Rs 75 billion.
RIL is set to acquire the retail, wholesale, logistics and warehousing units of Future Group for Rs 24,710 crore as Ambani pushes ahead with his ambitions in the retail sector.
Fancy B-school degrees are becoming irrelevant in today’s fast-changing world. India’s MBA-IIM obsession is an artificial demand.
Jeff Bezos regards India as a key frontier for Amazon, particularly after failing to break into China. Now he faces a homegrown champion Jio, backed by some of his fiercest US rivals.
Mukesh Ambani’s Jio is looking to acquire several local online retailers to help expand product offerings as he races to compete against Amazon.