Qatar eyes India’s US$890bn retail market with Reliance deal

  • Qatar's sovereign wealth fund is reportedly in talks to buy a 1% stake in Reliance Retail Ventures (RRVL) for US$1bn

  • RRVL's P/S is 4.15 (FY 21-22 sales) and 2.96 (annualised quarterly sales), much higher than parent company's 1.96 P/S

  • RRVL's revenue hit a record high of US$8.46bn in June. All of this signals a more promising outlook for the retail arm.
August 7th, 2023
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