Abu Dhabi Investment Authority to invest over $750 m in Reliance Retail
Bengaluru
Abu Dhabi Investment Authority (ADIA) will invest 55.13 billion rupees ($751.13 million) in Reliance Industries’ retail arm, giving the unit a pre-money equity value of 4.29 trillion rupees, the Indian conglomerate said yesterday. ADIA’s investment will translate into a 1.20 per cent equity stake in Reliance Retail on a fully diluted basis.
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