Posted inInvestment

ADIA to invest ₹ 5,512.50 cr in Reliance Retail Ventures for 1.20% stake

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 […]