General Atlantic picks up stake in Reliance Retail for Rs 3,675 cr

Global private equity firm General Atlantic will invest Rs 3,675 crore to buy a 0.84% stake in Reliance Industries’ retail arm, extending the fundraising spree by Mukesh Ambani-led firm.

General Atlantic will invest in Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd, the Indian firm said.