Carlyle may take $2 billion stake in retail arm of India's Reliance: Mint
Reuters
Published Sep 13, 2020 11:09PM ET
BENGALURU (Reuters) - Private equity firm Carlyle Group (O:CG) is looking to invest up to $2 billion in Indian conglomerate Reliance Industries ' (NS:RELI) retail business, financial daily Mint reported on Monday, citing people aware of the development.
The deal, if finalized, would be Carlyle's biggest investment in an Indian company and would be its first in the country's retail sector, the paper reported.
Reliance and Carlyle did not immediately respond to Reuters' requests for comment.
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Written By: Reuters
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