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Reliance Industries to sell up to 10% stake in retail arm: Report

Reliance Industries plans to sell 8%-10% stake in Reliance Retail Ventures for expansion, debt repayment, and public listing.

Published on: Aug 25, 2023, 10:10:36 IST
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India's Reliance Industries is likely to sell an additional 8%-10% stake in its retail arm Reliance Retail Ventures to fund expansion, retire debt and prepare for a public listing of the conglomerate's retail business, the Economic Times reported on Friday.

Mukesh Ambani, Chairman of Reliance Industries. (REUTERS)
Mukesh Ambani, Chairman of Reliance Industries. (REUTERS)

(This is a developing story. Please get back to check for updates.)

 
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
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