Qatar 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.
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