Qatar Investment Authority pours $1bn into Reliance Retail Ventures

Qatar Investment Authority pours $1bn into Reliance Retail Ventures

Qatar Investment Authority (QIA) has invested $1 billion into Reliance Retail Ventures Limited (RRVL), a subsidiary of the Indian multinational conglomerate, Reliance Industries Limited.

QIA’s investment will translate into a minority equity stake of 0.99 percent in RRVL on a fully diluted basis. RRVL, through its subsidiaries and associates, operates India’s largest, fastest-growing, and most profitable retail business with a network of over 18,500 stores and digital commerce platforms across grocery, consumer electronics, fashion & lifestyle, and pharma.

Mansoor Bin Ebrahim Al Mahmoud

CEO – QIA “QIA is committed to supporting innovative companies with high-growth potential in India’s fast-growing retail market. We are looking forward to Reliance Retail Ventures Limited, with its strong vision and impressive growth trajectory, joining our growing and diverse portfolio of investments in India.”

Ms. Isha Mukesh Ambani, Director, of Reliance Retail Ventures Limited, said that “We are delighted to welcome QIA as an investor in Reliance Retail Ventures Limited. We look forward to benefitting from QIA’s global experience and strong track record of value creation as we further develop Reliance Retail Ventures Limited into a world-class institution, driving the transformation of the Indian retail sector. The investment by QIA is a strong endorsement of a positive outlook towards the