By Aditya Kalra, Sankalp Phartiyal and Saeed Azhar
NEW DELHI/DUBAI (Reuters) - India's Reliance Industries Ltd <RELI.NS> has approached investors in its digital business about potentially buying stakes in its retail arm, two sources with direct knowledge of the matter said on Thursday.
The oil-to-telecoms conglomerate is looking to attract more investors to Reliance Retail as the business expands rapidly online to take on the likes of Walmart Inc's <WMT.N> Flipkart and Amazon.com Inc's <AMZN.O> Indian arm.
Earlier this year, Reliance, controlled by Asia's richest man Mukesh Ambani, sold nearly 33% of its Jio Platforms digital business, netting more than $20 billion from companies including Facebook <FB.O>, Alphabet's <GOOGL.O> Google, KKR & Co <KKR.N> and Silver Lake Partners.
Mumbai-based Reliance has approached some investors from that deal to take stakes in the retail business, ...
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