D.E. Shaw joins forces with Indian billionaire
In the first three months of 2011, India has fully showcased its clout as a destination for growth and transactions, with top financial services deals dominating headlines, including Reliance Life's stake sale to Japan's Nippon Life and Standard Chartered's purchase of a stake in a newly launched bourse. With this in mind, global hedge fund D.E. Shaw is poised to further position itself in the market, linking with the country's richest man - Reliance Industry's owner, Chairman and Managing Director, Mukesh Ambani - to launch a financial services JV.
D. E. Shaw, with $20 billion of assets under management worldwide, and Indian power major Reliance Industries Limited and have entered into a JV to launch a domestic financial services outfit. Financial...
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