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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