Mukesh Ambani fails to seal Saudi Aramco deal
The Aramco deal is off — at least for now.
Mukesh Ambani, the sixth richest man in the world, has seen everything go swimmingly well at a time every other industrialist has moaned about how the dreadful pandemic has gutted their businesses.
Ambani has left everyone gobsmacked by the astonishing ease with which he has sewn up a string of transactions in Jio Platforms and then topped that with a blowout rights issue, enabling him to raise an eye-popping Rs 2.12 lakh crore and turn the company into a net debt-free entity.
But there is a wrinkle in the fabric.
The tycoon hasn’t been able to close the one deal that he has doggedly chased for the greater part of the past year:
