AgenciesReliance Industries Limited announced today that Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of India’s Reliance Industries Limited. The investment values Reliance Retail at a premoney equity value of Rs 4.285 lakh crore.
Mubadala’s investment will translate into a 1.40% equity stake in RRVL on a fully diluted basis. This marks the second significant investment by Mubadala in RIL subsidiary after the US $1.2 billion investment in Jio Platforms announced earlier this year.
Chairman and MD of RIL Mukesh Ambani said, “I am happy to welcome Mubadala as a valued investor in Reliance Retail Ventures. Mubadala’s investment and guidance will be an invaluable support in the journey of strengthening the core of India’s retail sector.”
Reliance Retail Limited, a subsidiary of Reliance Retail Ventures Limited, operates India’s fastest growing and most profitable retail business serving close to 640 million footfalls across its 12,000 stores nationwide.
Mubadala’s investment will translate into a 1.40% equity stake in RRVL on a fully diluted basis. This marks the second significant investment by Mubadala in RIL subsidiary after the US $1.2 billion investment in Jio Platforms announced earlier this year.
Chairman and MD of RIL Mukesh Ambani said, “I am happy to welcome Mubadala as a valued investor in Reliance Retail Ventures. Mubadala’s investment and guidance will be an invaluable support in the journey of strengthening the core of India’s retail sector.”
Reliance Retail Limited, a subsidiary of Reliance Retail Ventures Limited, operates India’s fastest growing and most profitable retail business serving close to 640 million footfalls across its 12,000 stores nationwide.
Read More News on
Also Read
10 Comments on this Story
 | Harshad B Chauhan4 minutes ago Mukesh Ambani has made banks and investors fool and has become bankrupt. We donâ t know what big brothers will do for investors of Reliance Retail. We still hear Amazon and Flipkart. Reliance Retail appears to be on paper. |
 | Suhas Parvalkar8 minutes ago we trust Mukeshbahi what ever he do always do good for Company and Shareholders important is that our Indian company. |
 | Vaibhav Pradhan13 minutes ago Remember Rajnikant Movie Sivaji The Boss. You will find all answers to these huge investments. |