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Reliance Retail gets $1 billion investment from GIC and TPG | TechRadar

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Investments continue to pour in for Reliance Retail. Two more  investors have put money in Reliance Retail Ventures. GIC, the sovereign wealth fund of Singapore and TPG, the US-based global investment firm are the latest ones.

GIC will invest Rs 5512.5 crore ($752 million) into Reliance Retail. GIC’s investment will translate into a 1.22% equity stake in Reliance Retail on a fully diluted basis. 

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