Reliance Retail Ventures Targets $2.5 Billion Investment for Growth

Reliance Retail Ventures, led by Indian billionaire Mukesh Ambani, is actively engaged in advanced discussions with global investors. Their goal is to secure approximately $2.5 billion in funding by the end of September.

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However, the company acknowledged their continuous evaluation of various opportunities in line with their strategic growth objectives.

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Reliance Retail, India’s largest retailer, boasts an extensive portfolio encompassing everything from groceries to cutting-edge electronics.

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In 2020, Reliance Retail made waves in the financial world by successfully raising a staggering $5.71 billion through the sale of a 10.09% stake.

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The company reported a consolidated net profit of INR 91.81 billion ($1.11 billion) on revenue of INR 2.6 trillion.

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