Latest Breaking News On - Retail unit - Page 13 : vimarsana.com

Reliance Industries' retail unit is attracting "strong interest" from other top investors after raising $1 billion from Qatar Investment Authority, its billionaire chairman Mukesh Ambani said on Monday. Reliance Retail, which aims to list on the stock market, raised $1 billion from Qatar Investment Authority at a $100 billion valuation last week, three years after a wave of fundraising where the unit attracted investors such as KKR, Silver Lake and TPG. "In less than three years, the valuation of Retail has almost doubled, notwithstanding the intervening COVID-19 pandemic," Ambani, Asia's richest person, said during the company's annual general meeting.

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