India's Reliance Retail to raise $598m from ADIA at over $100b valuation

India's Reliance Retail to raise $598m from ADIA at over $100b valuation

FILE PHOTO: Shopping trolleys are parked outside a Reliance supermarket in Mumbai, India, March 16, 2021. Picture taken March 16, 2021. REUTERS/Niharika Kulkarni

Billionaire Mukesh Ambani’s Reliance Retail Ventures said on Friday it would raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authorityin the latest bet on India’s largest retailer ahead of a potential stock market listing.

Edited by: Pramod Mathew

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