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Special Saudi Arabia’s PIF takes $1.3 billion stake in India’s biggest retailer

Saudi Arabia’s PIF takes $1.3 billion stake in India’s biggest retailer

  • Reliance Retail operates around 12,000 stores across India’s strategically important retail sector
  • The Reliance conglomerate has interests in oil, petrochemicals and telecoms and is controlled by Indian billionaire Mukesh Ambani
By Sean Cronin ·

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