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Qatar Investment Authority to invest Rs 8,278 cr in RRVL at an equity value of Rs 8.278 lakh cr

Qatar Investment Authority to invest Rs 8,278 cr in RRVL at an equity value of Rs 8.278 lakh cr

Aug 24, 2023, at 08:46 am

Mumbai: Reliance Retail Ventures Ltd on Wednesday announced that Qatar Investment Authority, through a wholly-owned subsidiary, will invest Rs 8,278 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore.