Qatar wealth fund invests $1 billion in Reliance Retail Ventures

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Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), has invested $1 billion into the retail business owned by Mukesh Ambani, making it a 0.99% stake in Reliance Retail Ventures Ltd. The investment values the company at $100 billion. This comes as Reliance Retail is considering a public listing and has been making acquisitions to compete with global rivals.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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