Reliance Retail Ventures Update: Qatar Investment Authority is going to buy about one percent stake in Reliance Retail Ventures Limited, a retail company of Reliance Industries, for Rs 8278 crore. The company has shared this information by issuing a release. With this transaction value, Reliance Retail Ventures Limited has joined the top four companies in the country with a value of Rs 8.278 lakh crore.
Reliance Retail becomes the fourth largest company
Market value doubled in 3 years
Earlier in 2020, Reliance Retail Ventures Limited raised Rs 47,265 crore from global investors at a valuation of Rs 4.21 lakh crore. That is, the valuation of Reliance Retail has almost doubled in just three years.
Benefit of QIA’s global experience
Qatar Investment Authority CEO Mansour Ibrahim Al-Mohammed, commenting on the deal, said Qatar Investment Authority is dedicated to supporting innovative companies in India’s fast-growing retail market.
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