RIL shares gain 3% after PIF invests ₹9,555 cr in Reliance Retail Ventures
Reliance Industries Ltd's stock was was trading at ₹2,019 on BSE, up 3.25% from its previous close
The investment in RRVL follows PIF’s earlier acquisition of a 2.32% stake in Jio Platforms, the digital services subsidiary of RIL
Shares of Reliance Industries Ltd on Friday gained over 3% after the company informed exchanges that Saudi Arabia wealth fund Public Investment Fund (PIF) will invest ₹9,555 crore in its retail arm.
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