QIA invests $1 billion in Ambani’s Reliance Retail at $100 billion valuation
QIA, Qatar’s sovereign fund, will invest $1 billion in Reliance Retail for a 1% stake in India’s largest retail chain, the two firms said Wednesday. The investment values Reliance Retail, part of Mukesh Ambani’s Reliance Industries, at $100 billion. Reliance Retail — which operates 18.500 stores and digital commerce platforms, selling everything from electronics to […]