Qatar Investment Authority to invest ₹8,278 crore in Reliance Retail Ventures, to get equity stake of 0.99%

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.

This investment values RRVL at a pre-money equity value of ₹ 8.278 lakh crore.

QIA’s investment will translate into a minority equity stake of 0.99% in RRVL on a fully-diluted basis.

The previous fund-raise round by RRVL in 2020 from various global investors of an aggregate amount of ₹ 47,265 crore was done at a pre-money equity value of ₹ 4.21 lakh crore.

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.

Morgan Stanley acted as financial advisor to Reliance Retail Ventures Limited and Cyril Amarchand Mangaldas and Davis Polk & Wardwell acted as legal counsels.

Goldman Sachs, acting as financial advisor to RIL, advised on the process and transaction structuring.