Reliance Retail is in talks to raise $2.5 billion by September end

Reliance Retail is in talks to raise $2.5 billion by September end.

The $2.5 billion target fundraising is a portion of the $3.5 billion overall aim the firm has set for itself.

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Reliance Retail stated via email: “As a policy, we do not comment on media speculation and rumors.

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A request for comment from Morgan Stanley received no response.

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