Reliance Retail valued at $83bn in unlisted market as Ambani proposes stake sale

Reliance Industries’ retail arm has been valued at around $83 billion in the over-the-counter market as its shares have surged amid talks of a stake sale in the unit. “We will induct global partners and investors in Reliance Retail in the next few quarters,” Chairman Mukesh Ambani had said recently. Reliance Industries has a market value of $181 billion.

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