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Reliance Short Sellers Caught In A Bear Squeeze
Short sellers were caught in a bear squeeze on Sept. 10 as Reliance Industries’ shares surged to a record. Here’s what went on.
11 Sep 2020, 10:52 AM IST
Short sellers were caught in a bear squeeze on Sept. 10 as Reliance Industries Ltd.’s shares surged to a record after a report said that it is in talks to sell $20 billion stake in its retail unit to Amazon.com Inc.The Mukesh Ambani-controlled company has offered up to 40% stake in Reliance Retail Ventures Ltd. to Amazon.com Inc., Bloomberg reported citing unnamed people aware of the details. If successful, this will be its biggest-e...
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