RIL raises Rs.37,710 Cr from global investors in a month
ADIA to pick up 1.2% stake in Reliance Retail for Rs.5512 Cr
Mumbai: Reliance Industries Limited (RIL) on Tuesday announced that a subsidiary of the Abu Dhabi Investment Authority (ADIA) will acquire 1.2 per cent equity share of Reliance Retail Ventures Limited (RRVL) for Rs. 5,512.50 crore.
With this investment, RRVL has raised Rs. 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks.
“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.