Qatar’s sovereign wealth fund to buy around 1 per cent stake in Reliance Retail for USD 1 billion

NEW DELHI: Qatar’s sovereign wealth fund is in talks to buy a stake in the retail arm of Mukesh Ambani-led Reliance Industries for USD 1 billion (Rs 8,199 crore).

The Qatar Investment Authority (QIA) would acquire around a 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), valuing the business at around USD 100 billion, industry sources said.