Reliance Industries to sell up to 10% stake in retail arm: Report

Mukesh Ambani, Chairman of Reliance Industries.(REUTERS)


India’s Reliance Industries is likely to sell an additional 8%-10% stake in its retail arm Reliance Retail Ventures to fund expansion, retire debt and prepare for a public listing of the conglomerate’s retail business, the Economic Times reported on Friday.

Mukesh Ambani, Chairman of Reliance Industries.(REUTERS)

(This is a developing story. Please get back to check for updates.)



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *