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Abu Dhabi Investment Authority to invest Rs 4966.80 cr in Reliance Retail Ventures Back
(07 Oct 2023)
Reliance Retail Ventures (RRVL) announced today that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest Rs 4,966.80 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs 8.381 lakh crore, which makes it among the top four companies by equity value in the country. This investment by ADIA will translate into an equity stake of 0.59% in RRVL on a fully-diluted basis.