Grapevine: RIL retail arm likely to fetch Middle East investment; ARCs to bid for distressed Vidarbha Power

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Mukesh Ambani-led Reliance Industries’ retail arm, which was recently valued at $92-96 billion, is likely to get a new minority shareholder on its captable, a media report has said. Qatar's sovereign wealth fund is in discussions to pick up 1% stake in Reliance Retail Ventures, the Financial Times reported, citing three ......