QIA to take stake in Ambani retail firm at $100 billion valuation

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QIA to take stake in Ambani retail firm at $100 billion valuation
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BENGALURU (Reuters) -Qatar Investment Authority will invest $1 billion for a 1% stake in India's Reliance Retail Ventures, the retail arm of billionaire ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBENGALURU -Qatar Investment Authority will invest $1 billion for a 1% stake in India's Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani's Reliance Industries, nearly doubling its valuation to $100 billion from its last funding round in 2020.

Led by billionaire Mukesh Ambani's daughter Isha Ambani, Reliance Retail Ventures houses retail operations, including international partnerships and consumer goods business. Ambani has said he plans to list his retail operations at some point, but has so far not given a timeline or details of his plans.

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Qatar’s Wealth Fund Invests $1 Billion in Ambani’s Retail ArmQatar’s Wealth Fund Invests $1 Billion in Ambani’s Retail ArmQatar’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.
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