QIA acquires 1% stake in Reliance Retail at $100 billion valuation
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Qatar's sovereign fund, QIA, has announced a $1 billion investment in Reliance Retail. It has acquired a 1% stake, valuing India's largest retail chain at $100 billion. With 18,500 stores and digital platforms, Reliance Retail offers a wide range of products and is currently expanding into low-cost fast fashion. The company is also partnering with Chinese e-commerce giant Shein for its re-entry into the Indian market.