Companie

Reliance Retail raises ₹5,512.50 cr from Abu Dhabi Investment Authority’s subsidiary

Rajesh Kurup Mumbai | Updated on October 06, 2020 Published on October 06, 2020

Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd (RIL), today announced that it has raised ₹5,512.50 crore from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

This investment values RRVL at a pre-money equity value of ₹4.285 lakh crore. ADIA’s investment will translate into a 1.20 per cent equity stake in RRVL on a fully diluted basis.

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Published on October 06, 2020
Reliance Industries Ltd
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