India’s Reliance Retail in $1.5 billion Gulf, Singapore funds talks  – Reuters News Agency

Date:

Business & FinanceDealsTechnology

Reuters exclusively reported that India’s Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion. 

Market Impact

Reliance Retail reported a consolidated net profit of 91.81 billion rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees. It has also forayed into the consumer goods business, which will compete with likes of Coca-Cola (KO.N) and Unilever (ULVR.L). 

Article Tags

Topics of Interest: Business & FinanceDealsTechnology

Type: Reuters Best

Sectors: Business & FinanceTechnology

Regions: AsiaMiddle East

Countries: IndiaSaudi ArabiaSingaporeUAE

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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