Growing Monopoly of Reliance
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.
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