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<ul><li>Valuation of RRVL doubles from ₹4.2 lakh crore in 2020 to ₹8.2 lakh crore prior to deal.</li><li>RRVL had raised ₹47,265 crore from global funds in 2020 after divesting over 10% in the company.</li><li>Investment is indicative of strong interest from global investors in the India story. </li></ul> The <keyword id="6437412" type="General" weightage="50" keywordseo="qatar-investment-authority" source="Orion">Qatar Investment Authority</keyword>, through a wholly-owned subsidiary, will invest ₹ 8,278 crore into <keyword id="2692884" type="General" weightage="100" keywordseo="reliance-retail-ventures" source="Orion">Reliance Retail Ventures</keyword> Limited (RRVL). RRVL is a subsidiary of <keyword id="45442" type="General" weightage="30" keywordseo="reliance-industries-limited" source="Orion">Reliance Industries Limited</keyword>. This investment values RRVL at a pre-money equity value of ₹ 8.278 lakh crore. RRVL, through its subsidiaries and associates, operates India's largest, fastest growing, and most profitable retail business serving 267 million loyalty customers with an integrated omni- channel network of over 18,500 stores and digital commerce platforms across grocery, consumer electronics, fashion &amp; lifestyle, and pharma consumption baskets. In 2020, Reliance Retail Ventures’ valuation was close to ₹4.2 lakh crore, after it raised funds from a clutch of marquee investors. Reliance Retail Ventures raised ₹47265 crore from global private equity players by selling 10.09% stake in the company. In a short span of three years the valuation has nearly doubled. QIA’s investment will translate into a minority equity stake of 0.99% in RRVL on a fully-diluted basis. The previous fund-raise round by RRVL in 2020 from various global investors of an aggregate amount of ₹47,265 crore was done at a pre-money equity value of ₹4.21 lakh crore. <keyword id="1498581" type="General" weightage="50" keywordseo="isha-mukesh-ambani" source="Orion">Isha Mukesh Ambani</keyword>, Director, Reliance Retail Ventures Limited, said, “We are delighted to welcome QIA as an investor in Reliance Retail Ventures Limited. We look forward to benefiting 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 transformation of the Indian retail sector. The investment by QIA is a strong endorsement of a positive outlook towards the Indian economy and Reliance’s retail business model, strategy and execution capabilities.” Mansoor Ebrahim Al-Mahmoud, CEO, QIA, said, “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.” RRVL, through its New Commerce business, has digitised more than 3 million small and unorganised merchants. This will enable these merchants to use technology tools and an efficient supply chain infrastructure to deliver a superior value proposition to their own customers. Morgan Stanley acted as financial advisor to Reliance Retail Ventures Limited and Cyril Amarchand Mangaldas and Davis Polk &amp; Wardwell acted as legal counsels. Goldman Sachs, acting as financial advisor to RIL, advised on the process and transaction structuring. AZB and Cleary Gottlieb acted as legal counsel to QIA.

Qatar Investment Authority to invest ₹8,278 cr in Reliance Retail Ventures, valuation doubles in 3 years

<ul><li><keyword id="6482676" type="General" weightage="20" keywordseo="adia" source="Orion">ADIA</keyword>'s investment will translate into a 0.59% stake in RRVL on a fully-diluted basis.</li><li>The deal transaction places RRVL's pre-money equity value at ₹8.381 lakh crore. </li><li>It also positions it among India's top four companies by equity value.</li></ul> Mumbai (Maharashtra) [India], October 7 (ANI): <keyword id="9782819" type="General" weightage="80" keywordseo="reliance-retail-ventures-limited" source="Orion">Reliance Retail Ventures Limited</keyword> (RRVL) announced on Friday that a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will inject Rs 4,966.80 crore into RRVL, a subsidiary of Reliance Industries Limited. This transaction places RRVL's pre-money equity value at Rs 8.381 lakh crore, positioning it among India's top four companies by equity value. According to a media release by <keyword id="58448" type="General" weightage="100" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword>, ADIA's investment will translate into a 0.59 per cent equity stake in RRVL on a fully-diluted basis. RRVL, along with its subsidiaries and associates, operates India's largest and fastest-growing retail business, catering to an impressive 267 million loyal customers. The company boasts an integrated omnichannel network, encompassing over 18,500 stores and digital commerce platforms, spanning grocery, consumer electronics, fashion and lifestyle and pharmaceuticals. RRVL's vision is to revolutionise the Indian retail sector through an inclusive strategy, serving millions of customers, empowering micro, small, and medium enterprises (MSMEs), and fostering collaborations with global and domestic firms. This approach aims to deliver substantial benefits to Indian society, while concurrently generating employment opportunities for millions of Indians. RRVL's New Commerce business has already digitally transformed over 3 million small and unorganized merchants, enabling them to utilize technology tools and an efficient supply chain infrastructure to offer enhanced value to their customers, according to a release. Isha Mukesh Ambani, Executive Director, Reliance Retail Ventures Limited, said, "We are pleased to further deepen our relationship with ADIA with their continued support as an investor in Reliance Retail Ventures Limited. Their long-standing experience of over decades of value creation globally will further benefit us in implementing our vision and driving transformation of the Indian retail sector. ADIA's investment in RRVL is a further testament to their belief in the Indian economy and our business fundamentals, strategy and execution capabilities." <keyword id="9362722" type="General" weightage="50" keywordseo="hamad-shahwan-aldhaheri" source="Orion">Hamad Shahwan Aldhaheri</keyword>, Executive Director of the Private Equities Department at ADIA, said, "Reliance Retail has demonstrated strong growth and adaptability in a market that is evolving at an unprecedented pace. This investment aligns with our strategy of supporting our portfolio companies that are transforming their respective end-markets. We are pleased to partner with the Reliance Group, and increase our exposure to India's dynamic and fast-growing consumer sector." Reliance Industries Limited (RIL), the parent company of RRVL, is India's largest private sector enterprise, with diverse interests spanning hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables, retail, and digital services. RIL consistently ranks among the world's largest and most influential companies, highlighting its significant global footprint. This transaction is subject to customary approvals. Morgan Stanley served as the financial advisor to Reliance Retail Ventures Limited, while Cyril Amarchand Mangaldas and Davis Polk and Wardwell acted as legal counsels.

ADIA to invest ₹4,966.80 cr in Reliance Retail Ventures

<ul><li>KKR hikes stake to 1.42% with this follow up investment in the retail business of RIL.</li><li>RRVL is valued at ₹8.36 lakh crore prior to the investment by KKR.</li><li>RRVL has already raised ₹47,285 crore from a clutch of global investors in 2020. The valuation of the retail business was at ₹4.2 lakh crore.</li></ul> Global investment major KKR is investing yet another ₹2069.50 crore in <keyword id="58448" type="General" weightage="100" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword> Ventures Limited (RRVL). The investment will be through an affiliate and RRVL is valued at a pre-money equity value of ₹ 8.36 lakh crore, which makes it among the top four companies by equity value in the country. KKR’s follow-on investment will translate into an additional equity stake of 0.25% in RRVL on a fully-diluted basis. This, combined with its stake from its investment of ₹ 5,550 crore in RRVL in 2020, will take its total equity stake in RRVL to 1.42% on a fully-diluted basis. The previous fund-raise round by RRVL in 2020 from various global investors of an aggregate amount of ₹47,265 crore was done at a pre-money equity value of ₹4.21 lakh crore. Commenting on the deal, Isha Mukesh Ambani, Director, Reliance <keyword id="2600766" type="General" weightage="70" keywordseo="retail-ventures" source="Orion">Retail Ventures</keyword> Limited, said, “We are pleased to receive continued support from KKR as an investor in Reliance Retail Ventures Limited. We highly value our deepening partnership with KKR, and their latest investment in RRVL after their previous investment further reinforces their strong belief in RRVL’s vision and capabilities. We look forward to continued engagement with KKR and to benefit from their global platform, industry knowledge and operational expertise, in our journey towards driving transformation of the Indian retail sector." RRVL, through its subsidiaries and associates, operates India's largest, fastest growing, and most profitable retail business serving 267 million loyalty customers with an integrated omni- channel network of over 18,500 stores and digital commerce platforms across grocery, consumer electronics, fashion &amp; lifestyle, and pharma consumption baskets. RRVL’s vision is to galvanize the Indian retail sector through an inclusive strategy serving millions of customers, empowering micro, small and medium enterprises (MSMEs) and working closely with global and domestic companies as a preferred partner, to deliver immense benefits to Indian society, while protecting and generating employment for millions of Indians. RRVL, through its New Commerce business, has digitized more than 3 million small and unorganised merchants. This will enable these merchants to use technology tools and an efficient supply chain infrastructure to deliver a superior value proposition to their own customers. KKR has approximately $519 billion in assets under management as of June 30, 2023. KKR has a long history of building leading global enterprises that are at the forefront of technology and digital transformation, including in the areas of consumer retail and eCommerce, as well as a track record of supporting leading corporations in India. KKR’s follow-on investment in RRVL furthers its relationship with <keyword id="6355199" type="General" weightage="90" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> Limited. In addition to its investment in RRVL, KKR is also an investor in Jio Platforms Limited, a leading digital services platform and a subsidiary of Reliance Industries Limited. Joe Bae, Co-CEO, KKR, said, “We are pleased to extend our relationship with Reliance Retail Ventures Limited. Throughout our investment period in Reliance Retail, we have been impressed by the company’s vision and extensive work to empower retailers across India through digitalization, as well as by its resilience and performance in spite of the pandemic and other disruptions. We look forward to continuing to work alongside the Reliance Retail team to support the company’s mission to build a more inclusive Indian retail economy.”

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Qatar Investment Authority to invest ₹8,278 cr in Reliance Retail Ventures, valuation doubles in 3 years

Malini Bhupta

ADIA to invest ₹4,966.80 cr in Reliance Retail Ventures

ANI

KKR picks up another 0.25% in Reliance Retail Ventures for ₹2,069 crore

BI India Bureau

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