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Saudi Arabia’s Public Investment Fund invests Rs 9,555 crore in Reliance Retail


PTI, Nov 5, 2020, 5:01 PM IST

New Delhi: Billionaire Mukesh Ambani-led Reliance Industries Ltd’s retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund of Saudi Arabia, taking total fundraised in last two months to Rs 47,265 crore.

PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement.

The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.58 lakh crore.

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