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 Communications said in a stock exchange filing.Also Read: Mkt has to consolidate; prefer RComm over Bharti IPO: Dutt Another group company Reliance MediaWorks will explore possible co-operation with Wanda Group in the multiplex business in India and the United States, the statement said. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
