Reliance Retail raises $1.3 billion from PIF

The Public Investment Fund, which has invested $1.5 billion in Mukesh Ambani’s telecom venture Jio Platforms and more than half a billion dollars in his fiber-optic business, has returned to back yet another empire built by India’s richest man. The sovereign wealth fund is investing $1.3 billion in Reliance Retail for a 2.04% equity stake […]...