ADIA will invest Rs 4,966.80 crore in Reliance Retail, deal signed at a valuation of Rs 8.391 lakh crore
Reliance Retail: ADIA will get a 0.59 percent stake in the company in exchange for an investment of Rs 4966.80 crore in Reliance Retail. Reliance Retail Ventures Limited is a subsidiary of Reliance Industries Limited. Rs 8.381 lakh crore has been invested in ARVL by Abu Dhabi Investment Authority. Earlier, Qatar Investment Authority invested Rs 8278 crore in Reliance Retail for a one percent stake.
Abu Dhabi Investment Authority (ADIA) will invest Rs 4,966.80 crore in Reliance Retail Ventures Limited (RRVL) through its subsidiary.
Reliance Retail Ventures Limited is a subsidiary of Reliance Industries Limited. Rs 8.381 lakh crore has been invested in ARVL by Abu Dhabi Investment Authority. According to this equity value, RRVL is the fourth largest company in the country.
ADIA will get a 0.59 percent stake in the company in exchange for investment in Reliance Retail. On this occasion, Isha Mukesh Abani, Executive Director of Reliance Retail said that we are very happy with the investment of ADIA as an investor in Reliance Retail Ventures Limited. ADAI's investment in RRVL reflects its confidence in the Indian economy and Reliance Retail.
Earlier, Qatar Investment Authority invested Rs 8,278 crore in Reliance Retail for a one percent stake.
Referring to the purchase of about 1 percent stake in Reliance Retail Venture Limited (RRVL) by Qatar Investment Authority (QIA) by investing Rs 8,278 crore (US$1 billion) at a valuation of US$100 billion, Mukesh Ambani said at the Reliance AGM It was said that the valuation of the company has doubled in less than three years.
Apart from ADIA, and QIA, investments have also been made in Reliance Retail from Silver Lake, KKR, Mubadala, Abu Dhabi Investment Authority, GIC, TPG, General Atlantic, and Saudi Arabia.
