RIL, DE Shaw Plan $800 Mn Infra Fund

RTT News – After its recent entry into the telecom sector, energy giant Reliance Industries, controlled by billionaire Mukesh Ambani, is now close to signing a pact with global hedge fund DE Shaw to launch a $700-$800 million infrastructure fund, the Economic Times said on Thursday.

Besides, the two firms are also looking at other areas such as carbon trading, it said, citing an unnamed source familiar with the development.

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