- Business

Carlyle may take $2 billion stake in retail arm of India’s Reliance

Private equity firm Carlyle Group CG.O is looking to invest up to $2 billion in Indian conglomerate Reliance Industries’ RELI.NS retail business, financial daily Mint 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.

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