ADIA looks to put $600 million into RIL’s retail business

After Qatar, yet another oil-rich Gulf sovereign fund, Abu Dhabi Investment Authority (ADIA), is looking to buy an additional stake in Mukesh Ambani’s sprawling retail empire. ADIA is seeking to invest $600 million into the organized retailing business of Asia’s richest person, people aware of the developments told ET, at valuations that significantly exceed those during an earlier concluded round three years ago.