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.Reporting by Derek Francis and Chris Thomas in Bengaluru; Editing by Anil D’Silva
In the whole game so far, MukeshAmbani bought Future Retail from Kishore Biyani, facing DRI investigation; then repackaged it with it's not so successful Rel Retail and started selling bits n pieces to US investors.
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