Qatar invests $1 Billion in India’s Reliance Retail Ventures (controlled by Mukesh Ambani) – CPP-LUXURY
Reliance Retail Ventures, a unit of Reliance Industries controlled by Indian billionaire Mukesh Ambani, will receive an investment of 82.7 billion rupees ($1 billion) from the Qatar Investment Authority. According to a release from QIA on Wednesday, the investment will be converted into a 0.99{dec8eed80f8408bfe0c8cb968907362b371b4140b1eb4f4e531a2b1c1a9556e5} stake in unlisted Reliance Retail on a fully diluted basis, giving the…