Qatar Investment Authority to invest $1b in India's Reliance Retail Ventures

Qatar Investment Authority to invest $1b in India's Reliance Retail Ventures

FILE PHOTO: Shopping trolleys are parked outside a Reliance supermarket in Mumbai, India, March 16, 2021. Picture taken March 16, 2021. REUTERS/Niharika Kulkarni

Qatar Investment Authority will invest Rs 8,278 crore ($1 billion) in Reliance Retail Ventures, the retail arm of India’s Reliance Industries, at a pre-money equity value of Rs 8.28 lakh crore ($100 billion), the companies said on Wednesday.

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