Reliance Industries to sell additional stake in retail arm

Reliance Industries is planning to sell an additional 8-10% stake in its retail arm, Reliance Retail Ventures, to raise funds for expansion, debt repayment, and to prepare for a public listing. The process is expected to take 12-15 months and is crucial for the projected initial public offering of Reliance's retail operations.

Aug 25, 2023 - 11:30
Reliance Industries to sell additional stake in retail arm
Reliance Industries is planning to sell an additional 8-10% stake in its retail arm, Reliance Retail Ventures, to raise funds for expansion, debt repayment, and to prepare for a public listing. The process is expected to take 12-15 months and is crucial for the projected initial public offering of Reliance's retail operations.