Growing Monopoly of Reliance

Published on: August 14, 2019

Why did Reliance decide to sell 20% of its shares?




Saudi Arabian Oil Company, Aramco, will be acquiring 20% of shares of the Mukesh Ambani's Reliance Industries' oil-to-chemicals division. Why did Reliance decide to sell 20% of its shares? Meanwhile, Reliance has decided to provide broadband services at lower prices from September 5, which would take the company closer to having a monopoly over India's digital communication sector. NewsClick spoke with senior journalist Paranjoy Guha Thakurta on the issue.

Courtesy: News Click