Power pact: Ambani takes 26% in Adani’s MP project | India News – Times of India
MUMBAI: In a first, the sub-continent’s wealthiest billionaires who are also among world’s richest industrialists, Mukesh Ambani and Gautam Adani, are entering a ‘power’ deal. Ambani will pick up a minority stake in a power unit of Adani, their companies announced Thursday. Ambani’s Reliance Industries will purchase 26% in Mahan Energen, a wholly owned subsidiary…