Wall Street powerhouse Morgan Stanley has pegged the net asset value of Reliance Retail at about $29 billion with increasing revenue contribution from the e-commerce venture JioMart over the next three years.
Morgan Stanley | azlyrics.org.uk
Morgan Stanley is set to buy a 20% stake in the affordable housing finance unit of Centrum Group, said people familiar with the transaction. Private equity Jacob Ballas too was in the race, but Morgan has emerged as the frontrunner for the stake purchase in Centrum Housing Finance, they said.