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 financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
ADIA Invests Rs 4,966.80 Crore in Reliance Retail financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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.