Reliance Industries and its subsidiary Reliance Retail Ventures Limited (RRVL) recently announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹5,512.50 crore in RRVL. 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.
With this investment, RRVL has raised ₹37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks, a statement from Reliance said.Reliance Industries and Reliance Retail Ventures Limited have announced a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹5,512.50 crore in RRVL. 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. #
Established in 1976, ADIA is a globally-diversified investment institution that invests funds on behalf of the government of Abu Dhabi through a strategy focused on long-term value creation.
“The investment by ADIA is a further endorsement of Reliance Retail’s performance and potential and the inclusive and transformational New Commerce business model that it is rolling out,” Mukesh Ambani, chairman and managing director of Reliance Industries, said.
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