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The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, will invest ₹9,555 crores for how much per cent stake in Reliance Retail Ventures Ltd (RRVL)?

The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, will invest ₹9,555 crores for how much per cent stake in Reliance Retail Ventures Ltd (RRVL)? Correct Answer 2.04

The correct answer is 2.04%.

  • The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, will invest ₹9,555 crores for a 2.04% stake in Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries.
  • The transaction values RRVL at a pre-money equity value of ₹4.587 lakh crore.
  • The investment in RRVL follows PIF’s earlier acquisition of a 2.32% stake in Jio Platforms.

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