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Alibaba in preliminary discussion with RIL’s arm to form retail JV in India: Report

20 Aug 2018 Evaluate

Alibaba Group Holding is reportedly in preliminary discussion with Reliance Retail, a subsidiary of Reliance Industries (RIL), to form a retail joint venture (JV) in India, with an investment of $5 billion. The Group has proposed to acquire huge stake in Reliance Retail to create a behemoth in the digital market and also to expand Alibaba’s physical retail businesses in India.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1175.40
Indian Oil Corpn. 126.10
Bharat PetroleumCorp 285.70
HPCL 329.00
MRPL 174.45
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