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Mukesh Ambani's Reliance Industries Limited may sell 8-10% stake in Reliance Retail Ventures Ltd: Report
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Ahead of the proposed IPO of Reliance Retail Ventures Ltd (RRVL), Mukesh Ambani's RIIL is planning to sell an additional 8-10% stake in RRVL, reported Economic Times citing inputs from industry experts. The report said that the sale of stake would be completed in a duration of 12-15 months.
The sale of stake would pave way for a successful public listing of RRVL in future. The current valuation of $100 billion is considered too large for the market to absorb, reported ET.
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