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RIL’s retail arm gets ₹6,248 cr. from Mubadala

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Abu Dhabi-based sovereign investor Mubadala Investment Company (Mubadala) has determined to speculate ₹6,247.5 crore (AED 3.1 billion) into Reliance Retail Ventures Ltd. (RRVL), a subsidiary of Reliance Industries Ltd. (RIL).

Mubadala’s funding will translate right into a 1.4% fairness stake in RRVL on a completely diluted foundation, RIL stated in a submitting with the inventory exchanges.

The funding values Reliance Retail at a pre-money fairness worth of ₹4.29 lakh crore.

This marks the second vital funding by Mubadala in a Reliance Industries subsidiary after the $1.2 billion funding in Jio Platforms introduced earlier this 12 months.



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