MUMBAI -- Reliance Industries raised 472.6 billion rupees ($6.4 billion) for its retail arm Reliance Retail Ventures by selling a 10.1% stake to a coterie of global investors that has allowed Chairman Mukesh Ambani, India's richest man, to reload his arsenal for a battle with American billionaire Jeff Bezos of Amazon fame.
The sale brought in investors like Silver Lake Partners, KKR, General Atlantic and TPG from the U.S.; Mubadala Investment and Abu Dhabi Investment Authority from the United Arab Emirates; and the sovereign wealth Public Investment Fund from Saudi Arabia.
