QIA to acquire around 1pc stake in Reliance Retail for Rs 8,278 cr
Qatar Investment Authority (QIA) will acquire around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, by investing Rs 8,278 crore (USD 1 billion). A QIA’s wholly-owned subsidiary will make the investment in India’s largest retailer at a valuation of Rs 8.278 lakh crore (USD … Read more
