Reliance offers Amazon 40% stake in retail arm: Report
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Reliance Industries Limited (RIL), which has drawn a spree of investments over the past six months, may now end up sealing a deal with Amazon Inc. The Mukesh Ambani-led company is reportedly in talks to handover 40 percent stakes in Reliance Retail Ventures to the company headed by his business rival, Jeff Bezos. The deal, if it goes through, would also be the "biggest ever" commercial pact in India.