Reliance Inds’ cash pile shrank but exposure to alternative investment funds up 40%

By TEAM VCC

  • 25 May 2015
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Reuters | Credit: Mukesh Ambani

Mukesh Ambani-promoted Reliance Industries Ltd (RIL) appears particularly bullish on parking the surplus generated from its cash spewing energy business in alternative investment funds. Even as the company's total cash and cash equivalents declined last year, it raised its exposure to a clutch of PE and PE-style debt funds, data ......

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