Idols have feet of clay: first Infosys and now Reliance. Who holds the 'hot potato' now? The small investor who has an information asymmetry in so far as the news of sale reaches him after the deal!!!
"The Mukesh Ambani-led Reliance Industries (RIL) has decided to sell a 49% stake in the textiles business—the group's very first foray under the founder—to Chinese textile firm Shandong Ruyi Science and Technology Group (Ruyi) for an undisclosed sum. "
http://timesofindia.indiatimes.com/business/india-business/RIL-to-sell-49-in-Vimal-to-Chinese-company/articleshow/45445047.cms
"The Mukesh Ambani-led Reliance Industries (RIL) has decided to sell a 49% stake in the textiles business—the group's very first foray under the founder—to Chinese textile firm Shandong Ruyi Science and Technology Group (Ruyi) for an undisclosed sum. "
http://timesofindia.indiatimes.com/business/india-business/RIL-to-sell-49-in-Vimal-to-Chinese-company/articleshow/45445047.cms
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