In a significant development, Reliance Industries (RIL) has announced a substantial investment by Abu Dhabi Investment Authority (ADIA) in its retail subsidiary, Reliance Retail Ventures Limited (RRVL). This strategic move will see ADIA acquire a 0.59% stake in RRVL for a substantial amount of Rs 4,966.80 crore.
This substantial investment has placed an impressive valuation on Reliance Retail. The pre-money equity value of the company now stands at Rs 8.381 lakh crore, cementing its position among the top four firms in the country in terms of equity value.
A Strong Business Presence
Reliance Retail Ventures Limited (RRVL) is the retail arm of Reliance Industries and boasts an extensive network of over 18,500 stores and digital commerce platforms. These operations span various segments including grocery, consumer electronics, fashion and lifestyle, and pharmaceuticals.
Notably, this isn’t the first instance of RRVL attracting significant investments. In 2020, the company successfully raised Rs 47,265 crore from global private equity funds, securing a 10.09% stake, which valued the company at over Rs 4.2 lakh crore.
This latest investment by Abu Dhabi Investment Authority further strengthens Reliance Retail’s position in the Indian market, demonstrating its attractiveness to global investors and its continued growth potential.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald