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India's Reliance Retail to raise $598m from ADIA at over $100b valuation

The investment by ADIA at a valuation of $100.8 billion will translate into a stake of 0.59% in the company,

ADIA Invests ₹4,967 cr in Rel Retail

Abu Dhabi Investment Authority (ADIA) will invest ₹4,966.8 crore through a wholly owned subsidiary to pick up a 0.59% stake in Reliance Retail Ventures Ltd (RRVL), the latter said on Friday.

Reliance Retail bags Rs 4,966 cr from ADIA

ADIA Invests Rs 4,966.80 Crore in Reliance Retail

Abu Dhabi Investment Authority invests Rs 4,967 crore in Reliance retail

The Abu Dhabi Investment Authority (ADIA) will invest ₹4,966.8 crore in Reliance Retail Ventures Ltd (RRVL) through a subsidiary, acquiring a 0.59% stake. This latest fundraising round values RRVL at ₹8.38 lakh crore, making it one of the top four companies in India by equity value. RRVL has raised over ₹15,300 crore this fiscal year. The stake sale will help fund expansion, retire debt, and prepare for RRVL s IPO.