<p>Private equity firm Carlyle Group is looking to invest up to $2 billion in Indian conglomerate Reliance Industries' retail business, financial daily <em>Mint</em> <a href="https://www.livemint.com/companies/news/carlyle-may-pick-up-2-billion-stake-in-ril-s-retail-arm-11600042534910.html" target="_blank">reported</a> on Monday, citing people aware of the development.</p>.<p>The deal, if finalised, would be Carlyle's biggest investment in an Indian company and would be its first in the country's retail sector, the paper reported.</p>.<p>Reliance and Carlyle did not immediately respond to Reuters' requests for comment. </p>
<p>Private equity firm Carlyle Group is looking to invest up to $2 billion in Indian conglomerate Reliance Industries' retail business, financial daily <em>Mint</em> <a href="https://www.livemint.com/companies/news/carlyle-may-pick-up-2-billion-stake-in-ril-s-retail-arm-11600042534910.html" target="_blank">reported</a> on Monday, citing people aware of the development.</p>.<p>The deal, if finalised, would be Carlyle's biggest investment in an Indian company and would be its first in the country's retail sector, the paper reported.</p>.<p>Reliance and Carlyle did not immediately respond to Reuters' requests for comment. </p>