Indian Billionaire Ambani’s Reliance Retail in Talks To Raise $2.5 Billion, Sources Say
September 5, 2023
Reliance Retail Ventures, owned by Indian billionaire Mukesh Ambani, is reportedly in advanced talks with global investors to raise around $2.5 billion by the end of September. This comes ahead of a potential stock market listing and is part of a larger $3.5 billion target for the company. The investment will help bolster India’s appeal to Western private investors, who are turning away from China due to economic concerns and geopolitical tensions.
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