ADIA to invest ₹5,512.50 crore in Reliance Retail

ADIA’s investment values Reliance Retail at an equity value of ₹4.285 lakh crore. With the latest investment, RRVL has raised a total of ₹37,710 crore from leading global investors.

This investment will give ADIA a 1.20% stake in Reliance Retail. (MINT_PRINT)

Mukesh Ambani's Reliance Retail on Tuesday announced that Abu Dhabi Investment Authority (ADIA) will be investing ₹5,512.50 crore in Reliance Retail Ventures Limited or RRVL. This will give the company a 1.20% stake in Reliance Retail.

ADIA's investment values Reliance Retail at an equity value of ₹4.285 lakh crore. With the latest investment, RRVL has raised a total of ₹37,710 crore from leading global investors, which includes Silver Lake, KKR, General Atlantic, Mubadala, GIC and TPG.

“We are delighted with ADIA's current investment and continued support and hope to benefit from its strong track record of over four decades of value creation globally. 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 on the occasion.

ADIA's comes shortly after GIC and TPG invested a total of ₹7,350 in Reliance Retail, which came after Mubadala invested ₹6,247.5 crore in Reliance Retail for a 1.4% stake in the company. This came after venture capitalist firm Silver Lake invested ₹18.75 billion and General Atlantic invested ₹3,675 crore in Reliance Retail.