Abu Dhabi’s Mubadala To Invest Rs 6,247 Crore in Reliance Retail

सरकारी योजना के लिए जुड़े Join Now
खबरें Telegram पर पाने के लिए जुड़े Join Now

Mumbai : Reliance Industries Ltd (RIL) retailing company Reliance Retail will invest Rs 6,247 crore in the Abu Dhabi-based government property fund Mubadala Investment Company. Under the deal, Mubadala Investment Company has got 1.40 per cent stake in Reliance Retail. Reliance Industries said in a disclosure to the stock exchange that the pre-money equity value of Reliance Retail is Rs 4.285 crore with the latest investment. Earlier Mubadala Investment Company also invested $ 1.2 billion in Jio platform.

With this, Reliance Retail has received a fifth investment in the last three weeks. RIL gave this information on Thursday. This is Mubadala’s second investment in the subsidiary units of Reliance Industries. Mubadala had earlier acquired 1.85 per cent stake in Jio Platforms by investing Rs 9,093.60 crore. Significantly, the total investment in Reliance Retail has reached beyond 25 thousand crores.

Reliance Retail now has a total of 5 investors, including Silver Lake Company Investors and General Atlantic. Earlier on September 30, US private equity giant Silver Lake announced an additional investment of Rs 1875 crore in Reliance Retail. Silver Lake has already invested Rs 7500 crore in Reliance Retail. With this, the total investment of Silver Lake and its associate investors in Reliance Retail will increase to Rs 9,375 crore. This will increase Silver Lake Group’s stake in Reliance Retail to 2.13 per cent. On September 30, global private equity firm General Atlantic announced an investment of Rs 3,675 crore for a 0.84 per cent stake in Reliance Retail. KKR has also invested Rs 5550 crore in Reliance Retail. These three companies have also invested in Jio platforms.

Back to top button