Reliance Retail closes fundraising exercise after raising $6.3b for 10.9% stake

Reliance Retail closes fundraising exercise after raising $6.3b for 10.9% stake

Mukesh Ambani. Photo: Bloomberg

Reliance Industries Ltd (RIL) and its retail subsidiary, Reliance Retail Ventures Ltd (RRVL), have completed the current phase of partner induction and fundraise exercise for RRVL, the company said in a press statement today.