Key Points
Reliance Retail Ventures Limited (RRVL") announced today that Qatar Investment Authority (QIA"), through a wholly-owned subsidiary, will invest 8,278 crore into RRVL, a subsidiary of Reliance Industries Limited..
QIAs investment will translate into a minority equity stake of 0.99% in RRVL on a fully-diluted basis...
We look forward to benefitting from QIAs global experience and strong track record of value creation as we further develop Reliance Retail Ventures Limited into a world class institution, driving transformation of the Indian retail sector..
We are looking forward to Reliance Retail Ventures Limited, with its strong vision and impressive growth trajectory, joining our growing and diverse portfolio of investments in India.".
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..
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ADIA announces Rs 4,966.80 cr investment in Reliance Retail Ventures Limited
08, Oct, 23Mumbai (Maharashtra) [India], October 7 (ANI): Reliance Retail Ventures Limited (RRVL) announced on Friday that a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will inject Rs 4,966.80 crore into RRVL, a subsidiary of Reliance Industries Limited. This transaction places RRVL’s pre-money equity value at Rs 8.381 lakh crore, positioning it among India’s top […]
ADIA to invest ₹4,966.80 cr in Reliance Retail Ventures Limited
06, Oct, 23Isha Ambani said RRVL is pleased to further deepen its relationship with Abu Dhabi Investment Authority.
ADIA to invest Rs 4,967 cr in Reliance Retail for 0.59% stake
06, Oct, 23This investment values RRVL at a pre-money equity value of Rs 8.38 lakh crore
QIA to invest $1 billion in Reliance Retail Ventures
24, Aug, 23RRVL, the holding company of Reliance Retail Ltd (RRL), had diluted 10.1% stake and raised over $6 billion in 2020 from several financial sponsors and sovereign wealth funds (SWFs) such as KKR, General Atlantic, TPG, Silver Lake, L Catterton, Abu Dhabi Investment Authority, Mubadala and Public Investment Fund of Saudi Arabia.
Qatar Investment Authority to pick 1% stake in Reliance Retail Ventures for Rs 8,278 crore
23, Aug, 23This investment values Reliance Retail Ventures at a pre-money equity value of Rs 8.28 lakh crore.
Abu Dhabi Investment Authority likely to invest $600 mn in RIL's retail business: Report
27, Sep, 23Abu Dhabi Investment Authority (ADIA), one of the largest sovereign wealth funds in the world, is mulling to buy additional stake in Mukesh Ambani's retail empire
ADIA to acquire 0.6% stake in Reliance Retail for Rs 4,967 crore
06, Oct, 23The investment values the subsidiary of Reliance Industries Ltd at a pre-money equity value of Rs 8.38 lakh crore, making Reliance Retail among the top four companies by equity value in the country
ADIA doubles down on Reliance Retail, invests ₹4,967 cr more
07, Oct, 23ADIA's investment values RRVL at ₹8.38 trillion, making it one of India's top four most valuable companies