Question
Qatar Investment Authority (QIA) will invest Rs 8,278
crore ($1 billion) in Reliance Retail Ventures Ltd (RRVL), the retail arm of Mukesh Ambani-led Reliance Industries, for a _________ stake on a fully diluted basis.Solution
Qatar Investment Authority (QIA) will invest Rs 8,278 crore ($1 billion) in Reliance Retail Ventures Ltd (RRVL), the retail arm of Mukesh Ambani-led Reliance Industries, for a 0.99 percent stake on a fully diluted basis. The investment, through a wholly owned subsidiary of QIA, will be made at a valuation of Rs 8.28 trillion ($100 billion).
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