Reliance, Vornado pair for $500 million venture in India

08/13/2008 | Business Standard (India) · Reuters ·

Reliance Industries and Vornado Realty Trust have formed a $500 million joint venture to build, acquire and operate shopping centers in India. The partners in the 50-50 venture plan to build large centers, some bigger than 1 million square feet, and anchor them with hypermarkets owned and operated by Reliance, India's largest public company.

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Business Standard (India) · Reuters ·

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