The sovereign wealth fund will reportedly invest $1 billion for a one percent stake valuing Mukesh Ambani's retail unit at $100 billion
Reliance Retail added 555 stores in the reported quarter and witnessed its highest-ever footfalls at 249 million across formats.
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Qatar Investment Authority (QIA) is in talks to buy a minority stake in the Reliance Retail Ventures (RRVL), the retail unit of Mukesh Ambani’s Reliance Industries, the Financial Times reported on Wednesday.
The sovereign wealth fund is considering a $1 billion investment in RRVL, for a one percent stake, valuing the business at around $100 billion, the report said, citing three people with knowledge of the discussions.