Mukesh Ambani Reliance Company holder is proposing to negotiate an approximately twenty billion dollar stake in its retail enterprise to Amazon. An anonymous person who knows about the deal leaked this news to the media requesting to keep his identity unknown.
Contract of the century between Amazon and Reliance
Amazon also carried out a meeting about capitalizing in the partnership with the Reliance Retail Venture Ltd. department to convey involvement in dealing with a possible agreement. This Unidentified person told the media that the Reliance company, which is based in Mumbai, is ready to barter as much as around 40% investment to associate with Amazon.
If this deal between Amazon and Reliance become successful, then this would be the deal of the century in India. According to Bloomberg, this deal would turn Jeff Bezos, who is Asia’s Wealthiest person, from an opponent to a foe with Mukesh Ambani.
Reliance Industry Increment in the stock market
After this presumption, the stakes of the Reliance Company are rising every passing day, breaking the records. The capital growth is around 7.1% in Mumbai, which is extensive since April 22. Now the Reliance Industry value in the market is way more than 200 billion dollars. It is considered to be the day’s prime increase in the norm of S&P BSE Sensex, which increased approximately around 1.7% on Thursday.
If this deal becomes successful, then it will bring the online and offline sellers together, which is going to be profitable for both these companies.
Positive and Negative outcome from the critics
Where some people are optimistic about this entire deal saying, JioMart will benefit from it and will gain more consumers with the help of Amazon. It is also going to be beneficial for Amazon as well with the help of Ajio, Amazon in India will heighten its hold over the fashion scene.
But some critics are uncertain about this deal benefiting Amazon. These critics are saying it will influence the Amazon main motto to stay on the top and be vital in the Indian market. This deal won’t help Amazon much because of this deal; it will remain a minor partner in this business, and it loses the unrestricted path to compete against the JioMart in the online area.
The critics continue saying,
Amazon is highly invested in this deal, which doesn’t make sense because Amazon is already thriving in India.
Shaking hands with Ambani and giving up on the game, of which they are already the winner of and on the top. It does not make any good sense from my point of view.
Statement from the spokesperson of reliance
Soon the spokesperson of the Reliance Industries released a statement saying this, ” We request to the media to carefully analyze any such speculative information and protect themselves, and their readers, many of whom are private retail investors, from publishing that are recycling unsubstantiated and the false news,”
Further, they said,
” We would like to repeat that as a policy, we won’t comment on media assumptions and rumours, and we won’t verify or deny any transaction which we may or may not be happening or in the process of happening. Our company assesses numerous opportunities continuously.”
Whether it is accurate or false news, this can create so many opportunities and new jobs for people in India.
