“The retail story (of Reliance Retail) is certainly a bright spot," one of the two people cited above said, requesting anonymity. Carlyle is considering investments across the retail space in India comprising both online and offline retail firms, including Reliance Retail, the person said. Reliance Retail Ltd, a unit of RRVL, operates India’s largest and fastest-growing retail business with nearly 12,000 stores nationwide. Post the recent acquisition of Future Group’s retail business, RRVL has drawn the attention of several large investors. The latest plan by Carlyle also values Reliance Retail at similar levels.

Source: Mint September 14, 2020 00:11 UTC