Qatar fund invests $1B in Ambani’s Reliance Retail at $100B valuation

Qatar’s sovereign wealth fund is investing $1 billion in Reliance Retail as India’s largest retail chain looks to expand its operations and enter new categories. The Qatar Investment Authority’s check will secure it a 0.99% stake in Reliance Retail Ventures, valuing the Indian company at $100 billion. Reliance Retail — which operates 18,500 stores and … Continue reading Qatar fund invests $1B in Ambani’s Reliance Retail at $100B valuation