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Abu Dhabi's Mubadala To Invest Rs 6,247.5 Crore In Reliance Retail

By Staff
|

On Thursday, Reliance Industries Limited announced that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore (AED 3.1 billion) into Reliance Retail Ventures Limited (RRVL).'

Abu Dhabi's Mubadala To Invest Rs 6,247.5 Crore In Reliance Retail
 

"The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore," the company said adding that Mubadala's investment will translate into a 1.40% equity stake in RRVL on a fully diluted basis.

Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed

at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi.

This marks the second significant investment by Mubadala in a Reliance Industries subsidiary after the US $1.2 billion investment in Jio Platforms announced earlier this year.

Earlier in the day, the Mukesh Ambani led conglomerate also announced that Jio Platforms Limited received subscription amounts from Intel Capital Corporation (Rs 1,894.50 crore) and Qualcomm Asia Pacific Pte. Ltd. (Rs 730 crore) and equity shares amounting to stakes of 0.39% and 0.15%, respectively was thereby allotted to them.

Read more about: reliance retail ril
Story first published: Thursday, October 1, 2020, 20:24 [IST]
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