As on (02 Mar 2024 | 02:37)
Back To Homepage As on (02 Mar 2024 | 02:37)
Qatar Investment Authority to invest Rs 8278 cr in Reliance Retail Ventures Back
(23 Aug 2023)
Reliance Retail Ventures (RRVL) announced today that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore.

RRVL, through its subsidiaries and associates, operates India's largest, fastest growing, and most profitable retail business serving 267 million loyalty customers with an integrated omnichannel network of over 18,500 stores and digital commerce platforms across grocery, consumer electronics, fashion & lifestyle, and pharma consumption baskets.

QIA's investment will translate into a minority equity stake of 0.99% in RRVL on a fully-diluted basis.

The previous fund-raise round by RRVL in 2020 from various global investors of an aggregate amount of Rs 47,265 crore was done at a pre-money equity value of Rs 4.21 lakh crore.