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Ambani, Adani collaborate for first time: Reliance picks 26% stake in Adani Power project

In the first collaboration between rival billionaires, Mukesh Ambani s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants 500 MW of electricity for captive use.

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Mukesh Ambani, Gautam Adani collaborate for the first time: All you need to know

The two businessmen, hailing from Gujarat, are often perceived as rivals

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In a first, Ambani s RIL picks up 26% stake in Adani Power Project

In a first, Ambani s RIL picks up 26% stake in Adani Power Project
thestatesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestatesman.com Daily Mail and Mail on Sunday newspapers.

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Ambani, Adani collaborate for first time: Reliance picks 26 pc stake in Adani Power project

Ambani, Adani collaborate for first time: Reliance picks 26 pc stake in Adani Power project
orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.

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Ambani, Adani join hands for 1st time, Reliance picks stake in this firm

In 2022, a firm with erstwhile links to Ambani sold its stake in news broadcaster NDTV to Adani, paving the way for the takeover.

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