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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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Arab News broke the news in Riyadh, Saudi Arabia on Wednesday, August 23, 2023.
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