Team Blitz India
NEW DELHI: Reliance Industries on August 23 announced that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into its retail arm Reliance Retail Ventures Limited (RRVL).”This investment values RRVL at a pre-money equity value of ₹ 8.278 lakh crore,” Reliance Industries said in a regulatory filing.
RRVL, through its subsidiaries and associates, operates India’s largest, retail business with an integrated omni-channel network of over 18,500 stores.
RRVL Director Isha Mukesh Ambani said, “We are delighted to welcome QIA as an investor in Reliance Retail Ventures Ltd. We look forward to benefitting from QIA’s global experience and strong track record of value creation as we further develop Reliance Retail Ventures Limited into a world class institution,
