India: Mubadala said to be in talks to invest up to $1b in Reliance Retail

India: Mubadala said to be in talks to invest up to $1b in Reliance Retail

Abu Dhabi state fund Mubadala Investment Co is in advanced talks to invest up to $1 billion in the retail division of India’s Reliance Industries Ltd, two sources told Reuters, as investor interest in the Indian company surges.