Business & FinanceDealsTechnology
13 September 2023, 2:35 pm 1 minute
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