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Mukesh Ambani raised $27b selling his tech dream to investors. Now he must deliver

Mukesh Ambani raised $27b selling his tech dream to investors. Now he must deliver
Mukesh Ambani. Photo: Bloomberg
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Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world’s most ambitious corporate transformations.
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India's Mukesh Ambani will use 2021 to fill in details of his grand ambition

Mumbai: Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world s most ambitious corporate transformations.
Now flush with $27 billion in fresh capital, Asia s richest man is under pressure to deliver. The tycoon is focused on a handful of priorities as he tries to turn Reliance Industries Ltd. from an old-economy conglomerate into a technology and e-commerce titan.
These include developing products for the anticipated rollout next year of a local 5G network; incorporating Facebook s WhatsApp payments service into Reliance s digital platform; and integrating the company s e-commerce offerings with a network of physical mom-and-pop shops across the country. Ambani is also pushing forward with plans to sell a stake in Reliance s oil and petrochemical units, a deal he had originally hoped would reduce debt and finance his high-tech pivot earlier this year. ....

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India's Ambani must deliver after selling dream for US$27b

Mukesh Ambani is focused on a handful of priorities as he tries to turn Reliance Industries Ltd. from an old-economy conglomerate into a technology and e-commerce titan.
MUMBAI: Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world’s most ambitious corporate transformations.
Now flush with $27 billion in fresh capital, Asia’s richest man is under pressure to deliver.
The 63-year-old Indian tycoon is focused on a handful of priorities as he tries to turn Reliance Industries Ltd. from an old-economy conglomerate into a technology and e-commerce titan, according to recent public statements and people familiar with the company’s plans. ....

Saudi Arabia , Saudi Arabian , James Crabtree , Kavil Ramachandran , Jeff Bezos , Facebook Whatsapp , Mark Zuckerberg , Infosys Nilekani , Mukesh Ambani , Sundar Pichai , Narendra Modi , Nandan Nilekani , Infosys Ltd , Facebook Inc , Thomas Schmidheiny Centre For Family Enterprise , Saudi Arabian Oil Co , Reliance Jio Infocomm Ltd , Alphabet Inc , Walmart Inc , Reliance Industries , Reliance Industries Ltd , Indian School Of Business Ambani , Mubadala Investment Co , Jio Platforms Ltd , Wall Street , Mumbai Based Reliance Industries ,

Ambani Sold a Tech Dream for $27 Billion. Now He Has to Deliver

Ambani Sold a Tech Dream for $27 Billion. Now He Has to Deliver
Bloomberg
12/29/2020
Anto Antony, P R Sanjai and Saritha Rai
(Bloomberg) Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world’s most ambitious corporate transformations.
Now flush with $27 billion in fresh capital, Asia’s richest man is under pressure to deliver.
© Photographer: Prodip Guha/Getty Images AsiaPac
Entertainment India January
Mukesh Ambani in Mumbai in January.
Photographer: Prodip Guha/Getty Images
The 63-year-old Indian tycoon is focused on a handful of priorities as he tries to turn Reliance Industries Ltd. from an old-economy conglomerate into a technology and e-commerce titan, according to recent public statements and people familiar with the company’s plans. ....

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Ambani Sold a Dream for $27 Billion. Now He Has to Deliver

Ambani Sold a Tech Dream for $27 Billion. Now He Has to Deliver
Bloomberg
12/29/2020
Anto Antony, P R Sanjai and Saritha Rai
(Bloomberg) Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world’s most ambitious corporate transformations.
Now flush with $27 billion in fresh capital, Asia’s richest man is under pressure to deliver.
© Photographer: Prodip Guha/Getty Images AsiaPac
Entertainment India January
Mukesh Ambani in Mumbai in January.
Photographer: Prodip Guha/Getty Images
The 63-year-old Indian tycoon is focused on a handful of priorities as he tries to turn Reliance Industries Ltd. from an old-economy conglomerate into a technology and e-commerce titan, according to recent public statements and people familiar with the company’s plans. ....

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