News > Abu Dhabi's sovereign fund to invest Rs 5,512.5 crore in RIL's retail arm
Abu Dhabi's sovereign fund to invest Rs 5,512.5 crore in RIL's retail arm
06/10/2020 07:40 PM | Click to read full article
Mukesh Ambani-controlled Reliance Industries said a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will inject Rs 5,512.5 crore into its retail division, becoming the latest marquee name to join a rush of global investors.
The investment by ADIA in Reliance Retail Ventures Limited (RRVL) in exchange for a 1.2 percent stake values the company, India’s largest retailer, at a pre-money equity value of Rs 4.285 lakh crore.
