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    Seven cheques and counting: GIC, TPG to invest about $1 billion in Mukesh Ambani's Reliance Retail

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    Two more global funds Singapore’s GIC and US-based TPG together will invest Rs 7,350 crore into Reliance Retail Ventures Ltd (RRVL) to acquire around 1.6% stake in the company, Reliance Industries Ltd (RIL) said on Saturday. GIC will invest Rs 5,512 crore to purchase 1.22% in the holding company of Reliance Retail while TPG Capital Asia fund will pick 0.41% of stake for Rs 1,837 crore, valuing RRVL before the investment at Rs 4.28 lakh crore.

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