, India

Qatar Investment Authority to invest $1b in India’s Reliance Retail Ventures

It will now hold a 0.99% stake in RRVL.

The Qatar Investment Authority (QIA), through a wholly-owned subsidiary, committed to investing around $1b (INR82.8b) in Reliance Retail Ventures Limited (RRVL) as part of its goal to support India’s fast-growing economy.

In a statement, Reliance Retail said this brings its investment values to a pre-money equity value of $103b (INR8.3t).

QIA will hold a minority stake of 0.99% in RRVL once the investment is completed.

“We look forward to benefitting 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,” said RRVL Director Isha Mukesh. 

ALSO READ: Reliance Consumer buys 51% stake in Lotus Chocolate

“The investment by QIA is a strong endorsement of a positive outlook towards Indian economy and Reliance’s retail business model, strategy and execution capabilities,” she added. 

RRVL through its subsidiaries and associates has an integrated omni-channel network of over 18,500 stores and digital platforms across grocery, consumer electronics, fashion & lifestyle, and pharma consumption, serving around 267 million customers.

$1 = INR82.53

Follow the link for more news on

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

K3Mart memadukan budaya Korea dan produk UMKM lokal dalam satu gerai

Convenience store itu menyediakan perbandingan produk impor dan produk lokal sebesar 50:50 di 30 outlet mereka.

Meningkatkan penelusuran dan efisiensi manajemen inventaris dengan barcode 2D GS1

Barcode 2D ini berfungsi sebagai penyimpanan data yang kompak.

The Coffee Bean & Tea Leaf menyeimbangkan kualitas dan kenyamanan melalui produk ritel

Mereka memperluas rangkaian produk termasuk berbagai kopi single-origin yang disesuaikan dengan preferensi pemanggangan yang berbeda.

KCG menguasai brand positioning untuk segmen premium di Indonesia

Mereka mengadopsi solusi berbasis teknologi terbaru untuk sukses mengelola 92 toko ritel di 20 kota di Indonesia.

Ini alasan brand-brand mewah meningkatkan investasi AI

Sektor ini telah menginvestasikan lebih dari $360 juta dalam AI selama tiga tahun terakhir.

Bacha Coffee menguasai retail kaya sensorik di Jakarta

Memadukan warisan dan kemewahan, Bacha Coffee Plaza Senayan menghadirkan pengalaman unik bagi pecinta kopi Indonesia.

Bagaimana WCT Malls meningkatkan penjualan tenant melalui pemasaran terarah

Melalui pemasaran terarah, mal ini meningkatkan penjualan tenant dan tingkat okupansi.