Mukesh Ambani-backed Reliance Retail Ventures eyes $2.5 billion fundraiser
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Reliance Retail Ventures, owned by Mukesh Ambani, is reportedly in advanced talks to raise $2.5 billion by September end, for a possible stock market listing. This fundraising effort is part of a larger $3.5 billion goal, with $1 billion already secured from the Qatar Investment Authority last month. The company is said to be in discussions with global investors, including at least two US-based investors and existing overseas investors of Reliance, such as sovereign wealth funds.