Mukesh Ambani Planning Retail/Real Estate Fund
The Reliance Industries group (Mukesh Ambani) is setting up a private equity fund with a corpus of $111 million (Rs 500 crore). It will invest in the retail and real estate sectors. The fund is likely to be called Skill, reports The Economic Times. It may be headed by Mukesh Ambani’s close aide Anand Jain. The fund is likely to be open for investments by outside investors as well as RIL promoters and associates.
Sahad: Pantaloon is another retail business group which has floated two private equity funds - Kshitij and Horizon - to invest in retail and real estate projects. Pantaloon is also one of the investors in Indivision, a private equity fund that will invest across mid-market companies.
Go to article in The Economic Times.
