Grapevine: RIL may sell more stake in retail arm; Ather Energy defers funding plan

Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) is looking to sell more stake in its retail arm to fund expansion, retire debt and prepare for the unit’s initial public offering, a media report said.   RIL plans to sell an additional 8-10% stake in Reliance Retail Ventures Ltd (RRVL), The Economic Times reported.  This process will likely happen in tranches over 12-15 months and will ......