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Saudi Arabia's Public Investment Fund invests Rs 9,555 crore in Reliance Retail

05:01 PM Nov 05, 2020 | PTI |

New Delhi: Billionaire Mukesh Ambani-led Reliance Industries Ltd’s retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund of Saudi Arabia, taking total fundraised in last two months to Rs 47,265 crore.

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PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement.

The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.58 lakh crore.

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