Reliance Industries To Buy 87.6% Stake In Fynd For Rs 295 Crore

INSUBCONTINENT EXCLUSIVE:
Reliance Industries already runs retail stores and has announced plans to diversify into e-commerce.Energy and telecoms conglomerate
million), it said in a statement.The company said its wholly-owned subsidiary Reliance Industrial Investments and Holdings has an option to
further invest up to Rs 100 crore by December 2021 in Fynd, a software technology company formed in September 2012.Reliance Industries
already runs retail stores and has announced plans to diversify into e-commerce.Fynd provides technology platform and solutions to merchants
to manage their inventory and sales across multiple demand channels for consumers, including e-commerce platforms.Amazon.com Inc is in talks
with Reliance's retail unit to buy a stake in its retail business, two sources with knowledge of the talks told Reuters on Friday.Get
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