Mumbai|Kolkata: Qatar Investment Authority (QIA) agreed to invest ₹8,278 crore ($997 million) in Reliance Retail Ventures (RRVL) at an equity valuation of ₹8.2 lakh crore ($100 billion), making it the single largest investment by the sovereign wealth fund of the gas-rich country in India. RRVL, the holding company of Reliance Retail Ltd (RRL), had diluted … Read more
By Fiona MacDonald Kuwait Investment Authority likely broke into the world’s top three sovereign wealth funds by assets. The Future Generations Fund, managed by the authority known as KIA, has risen to a record of about $700 billion, according to a person with knowledge of the matter. Its assets were valued at around $670 billion … Read more
Mumbai: Oil-to-retail conglomerate Reliance Industries (RIL) said on Thursday that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore into its unit Reliance Retail Ventures Limited (RRVL) for a 1.40 per cent stake The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. This marks … Read more