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Whopping USD 1 Billion Investment! Qatar Sovereign Fund in Talks to Buy Stake in Mukesh Ambani s Reliance Retail | RIL Shares Rally

The QIA is said to be considering a $1 billion investment in the retail arm of conglomerate Reliance Industries for a stake of about 1 per cent, valuing the business at around $100 billion, the report said. Amid the report that Ambani might rope in QIA to pick a stake in Reliance Retail, the shares of its parent company Reliance Industries Limited (RIL) on Wednesday jumped over 2 per cent., Companies News, Times Now

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