11.31% Stake Sold for ₹57,562 Crore!
Reliance Retail Ventures outlines a three-pronged strategy: divestment, higher valuation stake sale, and an IPO in 2025
RRVL recently divested stakes to Qatar Investment Authority and KKR, nearly doubling its valuation to Rs 8.27 trillion
The company plans another stake sale in 2024 at a higher valuation, offering key investors participation before IPO preparations
RRVL attracts global investors, including sovereign funds and private equity firms, resulting in significant valuation growth
The company expands aggressively, opening 55 stores in FY24, totalling 18,446 stores with 70.6 million square feet of retail space
Reliance Retail's vast portfolio spans consumer electronics, fashion, groceries, consumer brands, and digital commerce platforms like Jio Mart and Milkbasket.