BENGALURU: Private equity firm Carlyle Group is looking to invest up to $2 billion in Indian conglomerate Reliance Industries‘ retail business, a financial daily reported on Monday, citing people aware of the development.
The deal, if finalized, would be Carlyle’s biggest investment in an Indian company and would be its first in the country’s retail sector, the report stated.
The deal, if finalized, would be Carlyle’s biggest investment in an Indian company and would be its first in the country’s retail sector, the report stated.
Reliance and Carlyle did not immediately respond to Reuters’ requests for comment.
