8,278 crore investment will come in this company of Mukesh Ambani, know who is investing money.
New Delhi: Reliance Industries Limited (RIL) on Wednesday announced that Qatar Investment Authority (QIA) will invest Rs 8,278 crore in Reliance Retail Ventures. With this investment, the pre-money equity value of Reliance Retail Ventures has gone up to Rs 8.28 lakh crore. Qatar Fund will buy 1 percent stake in Reliance Retail with this investment. In the year 2020, Reliance Retail Ventures raised Rs 47,265 crore by selling stake to various global investors. At that time this investment was done at a pre-money equity value of Rs 4.21 lakh crore.
Company’s valuation almost doubled
The growth and expansion of the business has almost doubled the valuation of Reliance Retail. The retail business has become the biggest chunk of RIL’s SOTP (sum-of-the-parts) valuation. Reliance Retail operates India’s largest and fastest growing retail business. It has an integrated omnichannel network of over 18,500 stores and digital commerce platforms across grocery, consumer electronics, fashion & lifestyle and pharmaceutical consumption baskets.
Plan to make a global company
Isha Mukesh Ambani, Director, Reliance Retail Ventures, said, “We look forward to benefiting from QIA’s global experience and strong track record of value creation. Because we are building Reliance Retail Ventures into a world-class organization that is transforming Indian retail.’
Reliance Relate overtakes many global companies
Last month, there were reports that the Qatari fund was looking to invest around $1 billion in Reliance Retail. The $100 billion valuation estimated by QIA for Reliance Retail makes it bigger than global companies such as Tesco, Carrefour, Uniqlo and JD.com.
