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Reliance Industries: Carlyle may take $2 billion stake in retail arm of Reliance Industries: Report

BENGALURU: Private equity firm Carlyle Group is looking to invest up to $2 billion in Indian conglomerate Reliance Industriesretail 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 paper reported.

Reliance and Carlyle did not immediately respond to Reuters’ requests for comment.

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