The retail arm of Reliance Industries Ltd Wednesday announced that Qatar’s sovereign wealth fund would invest Rs 8,278 crore in the company for a 0.99 per cent stake.
The investment by Qatar Investment Authority (QIA) values Reliance Retail Ventures Ltd (RRVL) at a pre-money valuation of Rs 8.278 lakh crore, the company said in a release, making it among the country’s top four companies by equity value.
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