The Boards of Directors of Aditya Birla Capital Limited (ABCL) and Aditya Birla Health Insurance Co. Limited (ABHI) approved a proposal for a primary capital infusion of approximately Rs. 665 Crore in ABHI, from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Aditya Birla Health Insurance is a 51:49 joint venture between…
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹ 5,512.50 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. ADIA’s investment will translate into a…
Mukesh Ambani-led Reliance Industries recently announced that it has secured $752mn from the Abu Dhabi Investment Authority for its digital arm, Jio Platforms. As part of the transaction, ADIA will reportedly buy 1.16% of stake in Jio Platforms. In a regulatory filing, Reliance said, ADIA’s investment in Jio Platforms, which comprises Reliance’s telecoms arm Jio…