Amazon’s proposed tie-up with Reliance Retail may not happen
Apparently, the anticipated association between Amazon and Reliance Retail is likely not happening and Amazon is looking elsewhere for tie-ups. The report on this development claims the e-commerce giant has opted out due to the high valuation Reliance was placing its retail business at. Even a minority 10-15% stake would have meant committing a very huge exposure which the US company was not willing to bet on. The valuation being sought is between Rs 2.5 lakh crore to Rs 3 lakh crore.
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