Reliance Industries to sell up to 10% stake in retail arm: Report

Reliance Industries plans to sell 8%-10% stake in Reliance Retail Ventures for expansion, debt repayment, and public listing.

India's Reliance Industries is likely to sell an additional 8%-10% stake in its retail arm Reliance Retail Ventures to fund expansion, retire debt and prepare for a public listing of the conglomerate's retail business, the Economic Times reported on Friday.

Mukesh Ambani, Chairman of Reliance Industries.(REUTERS)

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