Mubadala in advanced talks to invest up to $1 bn in Reliance Retail: Report

Abu Dhabi state fund Mubadala Investment Co is in advanced talks to invest up to $1 billion in the retail division of India's Reliance Industries Ltd, two sources told Reuters, as investor interest in the Indian company surges. Reliance Retail is on a fund raising spree and has secured around $1.

8 billion in the past few weeks from KKR & Co and Silver Lake Partners.   Reliance, controlled by Asia's richest man Mukesh Ambani, has approached investors, who collectively pumped more than $20 billion into its Jio Platforms.

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