Reliance Retail Listing Planned, Valuation Targeted at $200 Billion

Mukesh Ambani is planning to make Reliance Retail, a big store company, available for people to buy shares in, like a public company.

This could make the company worth around $200 billion.

They are first making some changes, such as splitting off the food and consumer goods business.

They are also closing some stores that aren't doing so well to make more money.

The plan is to get Reliance Retail ready to be a public company by 2027.

This would allow investors to sell their shares.

In the past year, Reliance Retail earned $2.9 billion in profit and $38.7 billion in sales.