Tag: Qatar Investment Authority

MUMBAI: Qatar’s sovereign wealth fund invested 82.78 billion rupees ($1 billion) into the rapidly growing retail business owned by Asia’s richest man Mukesh Ambani, as India’s biggest brick-and-mortar retailer looks to expand its operations.The Qatar Investment Authority purchase translates into a stake of 0.99% in Reliance Retail Ventures Ltd “on a fully-diluted basis,” the Mumbai-based firm said in a statement on Wednesday, adding that it values the company at $100 billion.The deal comes as Ambani’s conglomerate is also considering a public listing for Reliance Retail and has started...