Reliance Retail secures INR 9,555 Cr from Saudi Arabia’s PIF to accelerate retail growth
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Reliance Industries-owned retail unit Reliance Retail, on Thursday announced that it has raised INR 9,555 Cr or $1.3 Bn approximately from Saudi Arabia’s Public Investment Fund (PIF), to accelerate the growth of its digital retail empire. This investment, a record eighth by marquee global investors — values Reliance Retail at a pre-money equity value of INR 4.587 lakh Cr (around $62.4 Bn).