Reliance Industries Limited (RIL) declared on November 5, 2020 that the Public Investment Fund (PIF) will put Rs 9,555 crore in Reliance Retail Ventured Limited (RRVL). The PIF will put resources into Reliance Retail for a 2.04 percent value stake, esteeming the organization at a pre-cash value estimation of Rs 4.587 lakh crore. This is the second venture by PIF in a Reliance Industries auxiliary, as it had prior procured a 2.32 percent stake in Reliance Jio Platforms. The PIF is the sovereign abundance asset of Saudi Arabia, one of the biggest and generally effective on the planet.