Reliance Industries chairman, famous businessman and billionaire Mukesh Ambani now wants to try his hand at car business after selling oil, gas, cheap mobile plans. Recently, the matter of his dealing with a London company has come to the fore. Let us tell you, MG Motors of London is considering selling some of its stake. For this, she is talking to Reliance Industries, Hero Group, Premji Invest and JSW.
According to the information, Reliance Industry can give a final shape to this deal. With this, Mukesh Ambani will enter the car business. MG Motors can finalize its deal by the end of this year.
This is the plan
According to a report in Times of India, MG Motor is in talks with Indian companies to buy stake. The name of Reliance Industries is also included in this. MG Motors can close this deal by the end of this year. Actually, MG Motors needs funds for its next plan, for which it wants to sell some shares of its company and use the funds it will collect for its future work. MG Motors is looking to raise about Rs 5,000 crore for the next phase of its growth in the country.
Mukesh Ambani will enter the automobile industry
After the agreement with MG Motors, the entry of Mukesh Ambani, chairman of Reliance Industries, will be done in the automobile sector. There may be an agreement between Ambani and MG Motors by December this year. Anyway, looking at Mukesh Ambani's car collection, it seems that he is very interested in vehicles.
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