RIL says cannot confirm or deny capital transaction deals, evaluates opportunities on ongoing basis

Mumbai: Oil-to-retail conglomerate Reliance Industries NSE 0.07 % said on Thursday it cannot confirm or deny any transaction which may or may not be in the works. The comments are in light of recent media reports that Reliance Retail may see a Jio-like stake sale, after the recent deal with Silver Lake Partners.

Reliance Industries Ltd is reported to have offered a 40 per cent stake in its retail arm worth about $20 billion to Amazon.com, Inc, a Bloomberg report said on Thursday citing sources.