 "Mukesh Ambani, Chairman & MD, RIL")
Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore to buy a 1.4 per cent stake in Reliance Industries Ltd's retail arm: billionaire Mukesh Ambani-led firm's third such deal in less than two days.
Mubadala will be the fourth investor in Reliance Retail Ventures Ltd (RRVL). Its Rs 6,247.5-crore investment "values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore," the Indian firm said in a statement. "Mubadala's investment will translate into a 1.40 per cent equity stake in RRVL on a fully diluted basis."
On Wednesday, global private equity firm General Atlantic
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