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.

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

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

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.

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