Abu Dhabi Investment Authority invests Rs 5,512.5 crore in Reliance Retail for 1.2 % stake

Reliance Retail Ventures Ltd, run by India’s richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.

“ADIA’s investment will translate into a 1.20 per cent equity stake,” the Indian firm said in a statement.

The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.285 lakh 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,” the statement said.