Reliance Retail in talks to secure funds

Reliance Retail in talks to secure funds

14 September 2023, Mumbai

As per ET report, India's largest retail entity targets $3.5 billion in fresh funding

Reliance Retail is in talks with sovereign wealth funds to secure $1.5 billion in fresh investments.

Background

The company has already secured $1 billion from QIA and $250 million from KKR. GIC, ADIA, and PIF are considering investments of $500 million each. The company is valued at $100 billion.

The investments will be used to fund Reliance Retail's expansion plans.

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