Qatar Investment Authority to invest $1bn in India's Reliance Retail for 0.99% stake
- Qatar Investment Authority plans to invest over $1 billion in India's Reliance Retail Ventures Ltd., acquiring a minority equity stake of 0.99% in the company.
- This investment values Reliance Retail Ventures at approximately $100 billion, making it one of the most valuable Indian companies.
- QIA's investment is seen as a positive endorsement of India's economy and Reliance's successful retail business model, which serves millions of customers through a vast network of stores and online platforms.
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Qatar Investment Authority To Invest Rs 8,278 Crore In Reliance Retail
Reliance Industries on Wednesday announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into its retail arm Reliance Retail Ventures Limited (RRVL).
·New Delhi, India
Read Full ArticleQatar wealth fund invests $1 billion in Reliance Retail Ventures
Qatar's sovereign wealth fund, Qatar Investment Authority (QIA), has invested $1 billion into the retail business owned by Mukesh Ambani, making it a 0.99% stake in Reliance Retail Ventures Ltd. The investment values the company at $100 billion. This comes as Reliance Retail is considering a public listing and has been making acquisitions to compete with global rivals.
·India
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