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Reliance Industries’ retail unit, led by Mukesh Ambani, will sell a 0.8% stake to US-based General Atlantic for Rs 3,675 crore.

Reliance Industries, led by billionaire Mukesh Ambani, said on Wednesday that the US-based General Atlantic will invest 3,675 crore for a 0.84 percent stake in its retail arm, Reliance Retail Ventures. The deal gives Reliance Retail a pre-money valuation of Rs 4.29 lakh crore, Reliance Industries said in a regulatory …

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