Category: Abu Dhabi
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Abu Dhabi’s ADIA picks up 1.2% stake in Reliance Retail
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore. ADIA’s investment will translate into a 1.20 per…