Reliance Retail: "The retail business has done wonderfully well. As it is, almost half of Reliance s consolidated revenue now comes from the consumer side of the business, which is essentially retail, Jio, etc. Those are well-seeded business verticals. With Qatar Investment Authority coming in, I suspect, the next step would be Reliance trying and aiming to grow beyond the retail presence in India and probably have a global footprint."
QIA has valued Reliance Retail Ventures, the holding company of Reliances organised retail business, at a pre-money equity valuation of Rs 8.3 lakh crore. At an estimated net debt of Rs 33,200 crore in FY25, RRVLs enterprise value stands at Rs 8.6 lakh crore, and equity per share value stands at Rs 1,200, according to Motilal Oswal s calculations.