Reliance Industries Limited to Sell 40% Stake in Retail Arm to Amazon
As per the reports, Mukesh Ambani's Reliance Industries Limited (RIL) will sell a 40% stake, worth $20 billion, in its retail division to Amazon. However, both the companies have not commented yet on the matter. Earlier, Reliance crossed $200-billion mark in market capitalization. RIL has already attracted investments worth $20 billion this year from top firms including the likes of Facebook and Google.