Private equity firm Carlyle Group is looking to invest up to US$2 billion in Indian conglomerate Reliance Industries' retail business, financial daily Mint reported on Monday, citing people aware of the development.
FILE PHOTO: The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei KatoBENGALURU: Private equity firm Carlyle Group is looking to invest up to US$2 billion in Indian conglomerate Reliance Industries' retail business, financial daily Mint reported on Monday, citing people aware of the development.
The deal, if finalized, would be Carlyle's biggest investment in an Indian company and would be its first in the country's retail sector, the paper reported.Source: Reuters
Source: News Formal (newsformal.com)
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