Rel Retail, Citi to float consumer finance JV
Mukesh Ambani's Reliance Retail and Citibank have agreed to float a joint venture for consumer finance, reports CNBC-TV18. A news agency reports that Sandeep Soni, Head of Citi's new Strategic Initiatives for Alliance and Partnerships, will be in charge of the new venture. The two partners are expected to make an announcement in the coming days.