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Richest Asian, Mukesh Ambani is on a shopping spree in race against Amazon

Reliance Industries Ltd is in various stages of negotiations to either buy out or purchase stakes in Urban Ladder, Zivame, Netmeds

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Mukesh Ambani | Reliance Industries | Urban Ladder

Anto Antony & P R Sanjai | Bloomberg 



Photo: Bloomberg
The 63-year-old tycoon is seeking to widen his retail footprint in a market that’s become a hot spot for global giants such as Amazon as well as many local rivals. (Mukesh Ambani with wife Nita Ambani. Photo: Bloomberg)

Bloomberg Mukesh Ambani, Asia’s richest man who spent the early few months of the pandemic raising more than $20 billion by selling stakes in his technology venture, is now on a shopping spree.

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First Published: Tue, August 18 2020. 12:25 IST

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