General Atlantic to invest $498.31 million in Reliance’s retail arm

MUMBAI/BENGALURU – India’s Reliance Industries Ltd RELI.NS said on Wednesday private equity firm General Atlantic will invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, while Silver Lake co-investors will also buy a stake. The deals underscore growing investor interest in Reliance Retail, which is led by Asia’s richest man […]

Continue Reading