Saudi SWF Buys Stake in Reliance Retail Ventures
Posted on 11/05/2020
Saudi Arabia’s Public Investment Fund (PIF) acquired a 2.04% stake in Reliance Retail Ventures Limited for Rs 9,555 crore (US$ 1.3 billion USD). Reliance Retail Ventures Limited is a subsidiary of Reliance Industries.
Reliance Retail Ventures operates India’s largest retail business, which has around 12,000 stores across India.