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RIL cuts commitments to PE, VC funds again in FY20 but adds new asset class

By Bruhadeeswaran R

  • 25 Jun 2020
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RIL cuts commitments to PE, VC funds again in FY20 but adds new asset class
Credit: Reuters

Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) reduced its exposure to alternative investments for a fourth year in a row but added a new asset class after buying a stake in textile maker Alok Industries Ltd. RIL’s exposure to alternative assets such as private equity, venture capital and hedge funds decreased ......

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