Reliance Industries to sell additional stake in retail arm

The plan is to fund expansion, retire debt and prepare for a public listing of the conglomerate's retail business.

The logo of Reliance Industries.

Credit: Reuters Photo

Reliance Industries is likely to sell an additional 8 per cent-10 per cent stake in its retail arm Reliance Retail Ventures to fund expansion, retire debt and prepare for a public listing of the conglomerate's retail business, the Economic Times reported on Friday.

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