QIA invests $1 billion in Ambani’s Reliance Retail at $100 billion valuation

TechCrunch
By Manish SinghAug 23, 2023, 6:51 am185 pts
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. “QIA is committed to supporting innovative companies…

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