Saudi SWF Buys Stake in Reliance Retail Ventures

Posted on 11/05/2020


Saudi Arabia’s Public Investment Fund (PIF) acquired a 2.04% stake in Reliance Retail Ventures Limited for Rs 9,555 crore (US$ 1.3 billion USD). Reliance Retail Ventures Limited is a subsidiary of Reliance Industries.

Reliance Retail Ventures operates India’s largest retail business, which has around 12,000 stores across India.

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