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Carlyle may take $2 billion stake in retail arm of Reliance: Report

Carlyle Group is looking to invest up to $2 billion in Reliance Industries' retail business

Topics
Reliance Industries | Carlyle Group | Stake sale

Reuters  |  BENGALURU 

reliance industries, RIL
Representative image

BENGALURU (Reuters) - Private equity firm is looking to invest up to $2 billion in Indian conglomerate Reliance Industries' retail business, financial daily Mint reported on Monday, citing people aware of the development.

The deal, if finalized, would be Carlyle's biggest investment in an Indian company and would be its first in the country's retail sector, the paper reported.

Reliance and Carlyle did not immediately respond to Reuters' requests for comment.

 

(Reporting by Derek Francis and Chris Thomas in Bengaluru; Editing by Anil D'Silva)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, September 14 2020. 10:03 IST
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