Mukesh Ambani is on the move taking a stake in Carrefour

Mukesh Ambani is on the move taking a bet on Paris and changing course from bringing foreign investors to India to establishing his imprint on foreign soil. Management control of the world's second largest and France's biggest supermarket chain is ready to change hands. Carrefour's owners Halleys have put 13 per cent stake on the block for sale and appointed bankers to find buyers.

Carrefour's owners value the 13 per cent stakes at 5 to 5.5 billion euros, which is only just as much as Mukesh Ambani has invested in the initial stage of his retail business.

But there's another angle to this bid pulling the carpet out from under the complicated retail FDI policy.

Growing business

After the Wal-Mart Sunil Mittal deal came under the Sonia scanner, Mukesh Ambani is taking no political chances. And so after a confident roll out of reliance supermarkets across the country, Mukesh Ambani is doing what his father was always known for, growing his business.

Despite the government, Mukesh Ambani is finding ways to avoid intervention by bringing in no FDI, instead taking control of a foreign major.