Reliance allows Jio strategic investors to invest in Reliance Retail

A report by Livemint stated that Jio is being shifted to Reliance’s retail arm

A report by Livemint stated that Jio is being shifted to Reliance’s retail arm. This move is being accompanied by a series of changes by the company.
The 13 strategic investors of Reliance Jio are being given the option to also invest in Reliance Retail ventures. These strategic investors include companies like Google, Facebook and Silver Lake.
Reliance Retail is also in talks with Silver Lake to offload .7-1.8 per cent stake, valued at nearly Rs 7,500 crore.

These actions have been followed by the acquisition of Future Group’s retail ventures by Reliance Industries.
Overall this is being seen as an effort to strengthen Reliance’s hold on the Retail Sector in India against competitors like Amazon and Flipkart.

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