Abu Dhabi's Sovereign Fund ADIA to Invest Rs 5,512.5 Crore in Reliance Retail for 1.2% Stake

Reliance Industries Ltd, led by Mukesh Ambani, on Tuesday said that a subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹5,512.50 Cr for 1.2% stake in its retail arm.

"This investment values Reliance Retail Ventures Ltd (RRVL) at a pre-money equity value of ₹ 4.285 lakh Cr. ADIA’s investment will translate into a 1.2% equity stake in RRVL on a fully diluted basis," the company said in regulatory filing.

With this investment, RRVL has raised ₹ 37,710 Cr from seven global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA.

Commenting on the investment, Hamad Shahwan Aldhaheri, executive director of the private equities department at ADIA said, “Reliance Retail has rapidly established itself as one of the leading retail businesses in India and, by leveraging both its physical and digital supply chains, is strongly positioned for further growth."

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