Key Points
Mumbai (Maharashtra) [India], October 7 (ANI): Reliance Retail Ventures Limited (RRVL) announced on Friday that a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will inject Rs 4,966.80 crore into RRVL, a subsidiary of Reliance Industries Limited...
According to a media release by Reliance Retail, ADIAs investment will translate into a 0.59 per cent equity stake in RRVL on a fully-diluted basis...
RRVLs vision is to revolutionise the Indian retail sector through an inclusive strategy, serving millions of customers, empowering micro, small, and medium enterprises (MSMEs), and fostering collaborations with global and domestic firms...
Isha Mukesh Ambani, Executive Director, Reliance Retail Ventures Limited, said, We are pleased to further deepen our relationship with ADIA with their continued support as an investor in Reliance Retail Ventures Limited..
Reliance Industries Limited (RIL), the parent company of RRVL, is Indias largest private sector enterprise, with diverse interests spanning hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables, retail, and digital services...
You might be interested in
Qatar Investment Authority to invest ₹8,278 crore in Reliance Retail Ventures, to get equity stake of 0.99%
23, Aug, 23Qatar Investment Authority (QIA) is investing ₹8,278 crore ($1.1 billion) in Reliance Retail Ventures Limited (RRVL), valuing the company at ₹8.278 lakh crore ($111 billion).
ADIA to invest Rs 4,967 cr in Reliance Retail for 0.59% stake
06, Oct, 23This investment values RRVL at a pre-money equity value of Rs 8.38 lakh crore
QIA to invest $1 billion in Reliance Retail Ventures
24, Aug, 23RRVL, the holding company of Reliance Retail Ltd (RRL), had diluted 10.1% stake and raised over $6 billion in 2020 from several financial sponsors and sovereign wealth funds (SWFs) such as KKR, General Atlantic, TPG, Silver Lake, L Catterton, Abu Dhabi Investment Authority, Mubadala and Public Investment Fund of Saudi Arabia.
ADIA doubles down on Reliance Retail, invests ₹4,967 cr more
07, Oct, 23ADIA's investment values RRVL at ₹8.38 trillion, making it one of India's top four most valuable companies