Tag "PIF"

Another cheque for Ambani as Saudi fund invests ₹9,555 crore in Reliance Retail

By : CIOL Bureau

The Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion); for an equity stake of 2.04% into Reliance Retail, a subsidiary of Reliance Industries. In the announcement, Reliance stated that this investment values RRVL at a pre-money