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    HomeNewsBusinessCompaniesAnil Ambani's Reliance, China's Wanda to form JV

    Anil Ambani's Reliance, China's Wanda to form JV

    Billionaire Anil Ambani's Reliance Group said on Thursday it signed an accord with China's Dalian Wanda Group to set up a joint venture to work in areas including development of real estate and multiplex business.

    December 13, 2012 / 18:46 IST

    Billionaire Anil Ambani's Reliance Group said on Thursday it signed an accord with China's Dalian Wanda Group to set up a joint venture to work in areas including development of real estate and multiplex business.

    The joint venture's first priority will be to build integrated township projects in India, Reliance Group's flagship Reliance Communicationssaid in a stock exchange filing.

    Also Read: Mkt has to consolidate; prefer RComm over Bharti IPO: Dutt

    Another group company Reliance MediaWorkswill explore possible co-operation with Wanda Group in the multiplex business in India and the United States, the statement said.

    first published: Dec 13, 2012 03:16 pm

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