Carlyle, SoftBank put on waiting list for Reliance Retail stake: Report

Reliance Industries plans to sell about a 10% stake in Reliance Retail to financial investors and almost all the $5.7 billion worth of shares have been taken up

Investor demand for Reliance Industries Ltd’s retail business is so strong that Carlyle Group Inc and SoftBank Group Corp are among those that have been put onto a waiting list, according to people familiar with the matter.

Carlyle and SoftBank have recently expressed interest in investing in Mukesh Ambani’s Reliance Retail Ventures Ltd, said the people, who asked not to be identified as the information is private. Reliance Industries has asked the two companies to wait on the sideline since the Indian conglomerate is already in advanced talks with other financial investors, the people said.

Ambani is tapping the backers of