(Image source from: Forbesindia.com)
Mukesh Ambani All Set With 24 Billion USD Holding Firm:- Indian billionaire Mukesh Ambani is busy expanding his firms and he emerged as the richest Indian businessman till date. Mukesh Ambani is in plans to create an e-commerce giant for the country and he would be investing 24 billion USD. This would surely dominate the country's internet shopping space for sure predicts analysts. Mukesh Ambani's Reliance Industries recently approved 1.08 trillion rupees into his owned subsidiary. Mukesh Ambani's e-commerce firm will be on the lines of Alibaba Group Holdings and Alphabet Inc.
The unit will acquire the parent’s equity investment of 650 billion rupees in Jio, according to Reliance Industries. Shares of Reliance Industries have rallied 28% this year. Mukesh Ambani's net worth is over 56 billion USD as per the Bloomberg Billionaires Index. He is in plans to sell 20% of Reliance’s oil and chemical business to Saudi Arabian Oil Co. at an enterprise value of $75 billion. With this new move, the whole country is now eagerly waiting for Mukesh Ambani's new e-commerce firm.