EconomyEditor's PickNewsGeneral Atlantic to invest $498.31 million in Reliance’s retail arm

1 year ago113 min
imageStock Markets9 minutes ago (Sep 29, 2020 11:10PM ET)

(C) Reuters. FILE PHOTO: A bird flies past a Reliance Industries sign in Ahmedabad, India

BENGALURU (Reuters) – Reliance Industries Ltd (NS:RELI) said on Wednesday 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.

The investment gives Reliance Retail a pre money valuation of 4.29 trillion rupees ($58.17 billion).

General Atlantic to invest $498.31 million in Reliance’s retail arm

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published. Required fields are marked *