Saturday, 7 October 2023

Abu Dhabi sovereign-wealth fund invests nearly $600M in Reliance Retail at $100B valuation

by Rose White

Abu Dhabi Investment Authority is investing $597 million in Reliance Retail, valuing the largest Indian retail chain at a whopping $100 billion. The investment follows KKR and Qatar Investment Authority together investing $1.7 billion in the Indian firm, which is part of Mukesh Ambani’s Reliance Industries. Abu Dhabi sovereign-wealth fund’s investment will fetch it a […]