Mukesh Ambani pulls off one shade of overseas M&A

Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries, India, attends a session at the World Economic Forum (WEF) in Davos January 29, 2009. — Reuters/File
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries, India, attends a session at the World Economic Forum (WEF) in Davos January 29, 2009. — Reuters/File
  • Ambani fails in his pursuit of big flashy targets that tripped up compatriots over a decade ago.
  • Ambani’s largest purchases revolve around bolstering domestic renewable energy business.
  • Most of Ambani’s actual and potential targets equate to pocket change for India’s largest company.

MUMBAI: Mukesh Ambani’s overseas shopping spree is so far more splash than cash. The Indian tycoon has failed in his pursuit of big flashy targets that tripped up compatriots over a decade ago. His quieter penchant for snapping up foreign technology is a smarter strategy anyway.

Ambani’s $212 billion oil-to-retail Reliance Industries is sitting on a growing store of global trophy assets. In the past three years he has…



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.