Saudi fund invests $1.3b in India's Reliance Retail
Saudi Arabia’s Public investment Fund (PIF) has invested INR95.5 billion ($1.3 billion) in India’s Reliance Retail, taking a 2% stake.
It extends a string of large investments in Reliance Retail totaling around $6.4 billion and contemplates a pre-money equity valuation of $62.4 billion. There has been significant interest from Middle...
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