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.
