New Delhi, Aug 23 – Reliance Industries has disclosed on Wednesday that Qatar Investment Authority (QIA) is set to invest INR 8,278 crore in its retail division, Reliance Retail Ventures Limited (RRVL), through a wholly-owned subsidiary.
In an official regulatory filing, Reliance Industries stated, “This investment assesses RRVL’s pre-money equity value at INR 8.278 lakh crore.”
RRVL, bolstered by its subsidiaries and affiliations, operates the largest retail business in India, boasting a comprehensive omni-channel network of over 18,500 stores.
