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Global Investment Firms GIC, TPG to Invest Combined Rs 7,350 Crore in Reliance Retail

Oct 03, 2020 08:55 PM IST iVideos iVideos
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Mukesh Ambani’s Reliance Industries Ltd will raise Rs 7,350 cr from two investors by selling a stake in group’s retail arm. Singapore’s sovereign wealth fund GIC and Global alternative asset firm TPG are the two new investors. With these two deals, Reliance Industries will sell 1.63% stake in Reliance Retail Ventures Limited (RRVL).

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