Reliance Retail gets another cheque: ADIA to invest ₹5,512 crore for 1.2% stake2 min read . Updated: 06 Oct 2020, 07:08 PM IST
- With this investment, Reliance Retail Ventures Limited (RRVL) has raised ₹ 37,710 crore from leading global investors in four weeks
- Last week, Abu Dhabi-based sovereign wealth fund Mubadala picked up 1.4 % stake in RRVL for ₹6,247.5 crore
Reliance Industries Ltd, led by Mukesh Ambani, on Tuesday said that a subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹5,512.50 crore for 1.2% stake in its retail arm. "This investment values Reliance Retail Ventures Ltd (RRVL) at a pre-money equity value of ₹ 4.285 lakh crore. ADIA’s investment will translate into a 1.2% equity stake in RRVL on a fully diluted basis," the company said in regulatory filing.
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