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ADIA will invest Rs 4,966.80 crore in Reliance Retail, deal signed at a valuation of Rs 8.391 lakh crore
Reliance Retail: ADIA will get a 0.59 percent stake in the company in exchange for an investment of Rs 4966.80 crore in Reliance Retail. Reliance Retail Ventures Limited is a subsidiary of Reliance Industries Limited. Rs 8.381 lakh crore has been invested in ARVL by Abu Dhabi Investment Authority. Earlier, Qatar Investment Authority invested Rs 8278 crore in Reliance Retail for a one percent stake.
Abu Dhabi Investment Authority (ADIA) will invest Rs 4,966.80 crore in Reliance Retail Ventures Limited (RRVL) through its subsidiary.
Reliance Retail Ventures Limited is a subsidiary of Reliance Industries Limited. Rs 8.381 lakh crore has been invested in ARVL by Abu Dhabi Investment Authority. According to this equity value, RRVL is the fourth largest company in the country.
ADIA will get a 0.59 percent stake in the company in exchange for investment in Reliance Retail. On this occasion, Isha Mukesh Abani, Executive Director of Reliance Retail said that we are very happy with the investment of ADIA as an investor in Reliance Retail Ventures Limited. ADAI's investment in RRVL reflects its confidence in the Indian economy and Reliance Retail.
