The discussions are in the early stages, and other oil-rich Middle Eastern investors are also expressing interest in investing in Reliance Retail.
While the talks are still preliminary, and there is no guarantee that a deal will be finalized, the potential stake acquisition by QIA is estimated to be around $1 billion. The news of QIA’s interest in Reliance Retail was first reported by the Financial Times, citing anonymous sources with knowledge of the matter. Following the report, shares of Reliance Industries Ltd., the parent company of Reliance Retail, saw a rise of up to 2.5% on Wednesday.
Bu hikaye The Business Guardian dergisinin July 27, 2023 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin July 27, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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