Reliance Industries Ltd (RIL) announced on Aug 23 that Qatar Investment Authority (QIA) will invest Rs 8,278 crore in Reliance Retail Ventures, a subsidiary of RIL. This investment values Reliance Retail Ventures at Rs 8.28 lakh crore in pre-money equity. The Qatari fund's investment will result in a nearly 1% stake in the retail giant. Reliance Retail Ventures raised Rs 47,265 crore in 2020 by selling a stake to a group of global investors. The transaction was then completed at a pre-money equity value of Rs 4.21 lakh crore.

The retail behemoth's valuation has nearly doubled due to its growth and expansion. The retail business has grown to account for the majority of RIL's SOTP (sum-of-the-parts) valuation.

Reliance Retail is India's largest and fastest growing retail company, with an integrated omnichannel network of over 18,500 stores and digital commerce platforms in the grocery, consumer electronics, fashion and lifestyle, and pharmaceutical consumption baskets.

"We look forward to leveraging QIA's global experience and strong track record of value creation as we further develop Reliance Retail Ventures into a world class institution, driving transformation of the Indian retail sector," Isha Mukesh Ambani, Director, Reliance Retail Ventures, was quoted in the release as saying.