 "Reliance Retail")
Reliance Industries Ltd said on Tuesday the Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore in its retail unit.
The investment values Reliance Retail Ventures Limited (RRVL) at a pre-money equity value of Rs 4.285 trillion. ADIA’s investment will translate into a 1.2 per cent equity stake in RRVL on a fully diluted basis, said Reliance in a press statement.
With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks.
Hamad Shahwan Aldhaheri, executive director of the Private
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