General Atlantic to invest $498m in Reliance's retail arm

General Atlantic to invest $498m in Reliance's retail arm

Reliance Industries Ltd said on Wednesday U.S. Fund General Atlantic plans to invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, making it the latest in a series of investments at the Indian oil-to-telecoms conglomerate.

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