Reliance eyeing stake in global retail majors

Primed for a global footprint in the retail business, Mukesh Ambani's Reliance group is talking to French retail major Carrefour as also other global players for acquiring controlling stake to reach out to international consumers with its basket of Indian food produce.

Reliance Industries (RIL), which has a war-chest of Rs 1,00,000 crore, is looking to create international business arms for accessing global markets by leveraging on its supply chain that was put in place as part of the farm-to-fork project.

Besides Carrefour, Reliance is also talking to tier-2 companies like Salisbury and Marks and Spencer for food business, sources said.

When contacted, an RIL spokesperson in Mumbai declined to comment.