QIA Takes ~0.99% Stake in Reliance Retail Ventures Limited

August 23, 2023

Qatar Investment Authority (QIA) invested ₹8,278 crore (≈$1 billion) to acquire a 0.99% fully-diluted minority stake in Reliance Retail Ventures Limited (RRVL). The investment provides QIA exposure to India’s largest retail platform as RRVL continues to expand its store network and digital commerce footprint.

Buyers
Qatar Investment Authority (QIA)
Targets
Reliance Retail Ventures Limited (RRVL)
Industry
Retail
Location
Maharashtra, India
Transaction Type
Growth capital

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