Saudi Arabia’s PIF to Invest USD1.3b for 2.04% Stake in Reliance Industries’ Retail Unit

Source(s): Reliance Retail Ventures| Public Investment Fund

Saudi Arabia’s Public Investment Fund has agreed to invest INR95.55b (approximately USD1.3b) in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a 2.04% stake. Read more