Reliance Retail Unlisted Shares

Reliance Retail receives Rs 8,278 crore from Qatar Investment Authority, allots 6.86 crore shares

The Indian Express

2 min read

Mukesh Ambani’s global retail giant Reliance Retail receives Rs 8,278 crore for Reliance Retail Ventures, from Qatar Investment Authority, allots 6.86 crore shares for minority stake on 6th September 2023.

Mukesh Ambani’s words

“Just for context, during our fund-raise in September 2020, the valuation of our retail business stood at Rs 4.28 lakh crore. In less than three years, the valuation of retail has almost doubled, notwithstanding the intervening Covid-19 pandemic.” RRVL is the holding company of the RIL’s retail business.

Justification

The investment is made by Qatar Investment Authority (QIA’s) wholly-owned subsidiary into India’s largest retailer, Reliance Retail Ventures Ltd (RRVL), at a valuation of Rs 8.278 lakh crore (USD 100 billion).
The company allotted 6,86,35,010 equity shares to QIA for 0.99% minority stake on a fully diluted basis in RRVL
In 2020, RRVL secured approximately USD 6.4 billion from international private equity funds, in exchange for a 10.09 percent ownership stake. This investment valued the company at over Rs 4.2 lakh crore.
Ambani pointed out that the valuation of Reliance retail’s valuation has doubled with the “unmatched globally” value creation pace.
The company has also raised funds from Silver lake, KKR, Mubadala, Abu Dhabi Investment Authority, GIC, TPG, General Atlantic, and Saudi Arabia’s Public Investment Fund at a valuation of around USD 57 billion in 2020.
The company also acquired the Indian business of German retail major Metro Cash and Carry.

Takeaways

Reliance Retail Ventures Ltd operating with 18k plus outlets in India is flourishing very high in terms of profitability, market reach, customer base, revenue growth etc.
The company targets & acquires small businesses to increase market reach & diversifies its product & customer base.
The infusion of capital will be used to expand the reach of the company & increase profitability, leading to better returns for the shareholders of the company.

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