Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) have completed the current phase of partner induction and fund raise exercise for RRVL.
RRVL has received cumulative subscription amount of ₹ 47,265 crore from the following financial partners and allotted 69,27,81,234 equity shares to them.
Ms Isha Mukesh Ambani, Director of Reliance Retail Ventures Limited, said, “We are proud to have such strong and reputed partners in RRVL.
We feel honoured by the phenomenal interest shown by investors in our business and look forward to working with our partners to benefit from their experience and global connectivity.
With our focus on New Commerce, we are committed to playing a transformational role in the Indian retail sector by empowering millions of merchants and micro, small and medium enterprises.”