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Qatar fund to buy 1%...

MUMBAI: Qatar's sovereign wealth fund on...

Qatar fund to buy 1% stake in Reliance Retail for Rs 8,278 crore

MUMBAI: Qatar's sovereign wealth fund on Wednesday announced an investment of Rs 8,278 crore for nearly a 1% stake in Reliance Retail Ventures. The Qatar fund will be the ninth foreign investor in Reliance Retail, which has raised Rs 55,543 crore by offloading around 11% stake since September 2020.The investment by Qatar Investment Authority (QIA), which has routed the deal through a wholly-owned subsidiary, values Reliance Retail at nearly Rs 8.3 lakh crore. India's largest company in terms of market value, Reliance Industries (RIL) owns 88.9% of Reliance...

Karl Jörg - August 23, 2023

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Qatar fund to...

MUMBAI: Qatar's sovereign wealth fund on Wednesday announced an investment of Rs 8,278 crore for nearly a 1% stake in Reliance Retail Ventures....

Karl Jörg - August 23, 2023

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