Mumbai-based Reliance Industries, India’s largest private sector company, is understood to be engaged in talks with New York-based hedge fund DE Shaw to launch an USD800 million infrastructure fund, reports The Economic Times. Although precise financial details surrounding the deal are still unclear, it is believed that senior officials from DE Shaw met with Reliance Industries’ chairman, Mukesh Ambani (pictured), last week. The two firms are also believed to be looking into other areas such as carbon trading. No one at either firm was available to comment.


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