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Mukesh Ambani gets ready to alchemise Reliance Industries into a tech giant

Analysts say Ambani offered an opportunity to many global tech companies who were hesitant about negotiating the myriad regulatory challenges in India

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Reliance Industries | Mukesh Ambani

Surajeet Das Gupta  |  New Delhi 



Reliance Industries, Reliance Retail
The deal with Aramco may be closed next year. If it is, it will bring in $15 billion for a 20 per cent stake

On a warm April day, while the world was immobilised into inactivity by the lockdown, a group of top Reliance executives were putting in longer hours than ever before. They were locked in intense negotiations in an ultra-secure call with potential Facebook and PE funds to persuade them to take a big bet on the group.

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First Published: Tue, January 05 2021. 06:10 IST

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