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Amazon Eyes 9.9% Stake In RIL's Retail Arm

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As per a leading news channels report, US-based e-tailer Amazon is in preliminary talks to buy a 9.9% stake in RIL's retail arm. As per the tweets, the e-retailer expects a preferred, strategic deal with Reliance Retail for JioMart.

Amazon Eyes 9.9% Stake In RIL's Retail Arm
 

Reliance Jio Mart launched in the month of May poses a huge challenge to e-commerce giant as well as Flipkart.

Earlier in the year as the lockdown was imposed in the country to curb the spread of the virus, Amazon on its platform added small local shops.

GoodReturns.in

Read more about: amazon reliance ril
Story first published: Friday, July 24, 2020, 8:53 [IST]
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