Reliance Retail funding: QIA to invest Rs 8,278 crore for 0.99% stake in RRVL

Reliance Retail Ventures Ltd (RRVL) on Wednesday announced that it will receive a funding of Rs 8,278 crore by Qatar Investment Authority (QIA) through a wholly-owned subsidiary. “This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore,” it said in a statement.

RRVL operates Reliance Industries’ retail business serving 267 million loyalty customers with an integrated omni-channel network of over 18,500 stores and digital commerce platforms across grocery, consumer electronics, fashion & lifestyle, and pharma consumption baskets.