Processing .....please wait.. 
The article has been forwarded.... 
Mukesh Ambani plans big for financial biz, non-traditional way
By Harold A. Gould, SiliconIndia
|
Monday, 18 April 2011, 16:31 IST
New Delhi:Billionaire industrialist Mukesh Ambani-led Reliance Industries group is planning a big splash in financial services sector, but may take a path different than those adopted traditionally in the business of money.
RIL signed a joint venture with global private equity fund house DE Shaw late last month for its financial sector foray and is now considering businesses where it can utilise its expertise and presence in sectors like energy and retail, as also its proposed telecom and power ventures.
The businesses that RIL wishes to undertake with DE Shaw include energy trading, private equity, mutual fund, financial service distribution, infrastructure funding as also equity and debt funding for corporate sector, sources close to the development said.
Emailed queries sent to both DE Shaw and RIL in this regard remained unanswered.