India’s Reliance Industries to sell additional stake in retail arm

BENGALURU (Reuters) – India’s Reliance Industries is likely to sell an additional 8%-10% stake in its retail arm Reliance Retail Ventures to fund expansion, retire debt and prepare for a public listing of the conglomerate’s retail business, the Economic Times reported on Friday.

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Savio D’Souza)