Grapevine: RIL may sell more stake in retail arm; Ather Energy defers funding plan

By Shubhobrota Dev Roy

  • 25 Aug 2023
Premium
Credit: VCCircle

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 ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.