« Back to News

Qatar Investment Authority buys $1 bn Reliance Retail stake

Qatar Investment Authority (QIA) has announced on August 23, an investment of 8,278 crore ($1 billion) into Reliance Retail Ventures Limited (RRVL), a subsidiary of Indian business conglomerate Reliance Industries Limited (Reliance Industries). 

QIA’s investment will translate into a minority equity stake of 0.99% in RRVL on a fully-diluted basis, said the company in a statement.

Link: https://www.tradearabia.com/news/RET_412536.html

® JIAC 2017 – C.F. 97866940584 - Credits