25 C
Friday, January 22, 2021

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

Must read

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. 

Source link

- Advertisement -

More articles


Please enter your comment!
Please enter your name here

Latest article