Ambani one step closer to create India's Alibaba with $24 billion holding firm3 min read 28 Oct 2019, 11:48 AM IST
With the new holding firm, Ambani is also readying the businesses for an IPO
The board of Reliance Industries approved a proposal to plow ₹1.08 trillion into the fully owned subsidiary
Mumbai: Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space.
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