No meeting between Mukesh Ambani and Jack Ma in July: RIL
Reliance Industries (RIL) has denied reports that its Chairman Mukesh Ambani met with Alibaba Chairman Jack Ma in July-end in Mumbai to discuss a joint venture. Reports claimed Alibaba was in talks to acquire 50% stake in Reliance Retail for $5-6 billion. Reliance further said there has been no discussion with Alibaba or anyone else on Reliance Retail stake sale.