General Atlantic to invest $498.31 million in Reliance's retail arm

India's Reliance Industries Ltd said on Wednesday private equity firm General Atlantic will invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, sending shares of the country's most valuable company up as much as 1%.

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India's Reliance Industries Ltd said on Wednesday private equity firm General Atlantic will invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm, sending shares of the country's most valuable company up as much as 1%.