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Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) is looking to sell more stake in its retail arm to fund expansion, retire debt and prepare for the unit’s initial public offering, a media report said. RIL plans to sell an additional 8-10% stake in Reliance Retail Ventures Ltd (RRVL), The Economic Times reported. This process will likely happen in tranches over 12-15 months and will ......
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