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| Photograph Credit score: Reuters
Qatar Funding Authority will make investments ₹82.78 billion ($1 billion) in Reliance Retail Ventures, the retail arm of India’s Reliance Industries , at a pre-money fairness worth of ₹8.28 trillion, the businesses stated on August 23.
Reliance Retail Ventures has beforehand raised about ₹472.65 billion from varied world buyers, it stated.
Reliance Retail, a unit of Reliance Retail Ventures, was just lately valued at $92 billion to $96 billion by two world consultants, a transfer that would sign an eventual preliminary public providing of the corporate.
Reliance Retail is India’s largest retailer and has been partnering with a slew of world manufacturers to launch and increase their presence in India.