Abu Dhabi fund puts ₹5k cr more in Reliance Retail

Anurag Sharma
0
Reliance Retail Ventures has received an investment of INR 4,967 crore ($674 million) from Abu Dhabi Investment Authority (ADIA). This investment values Reliance Retail at a pre-money equity value of around INR 8.4 lakh crore ($114 billion), making it one of the top four companies in India by value. ADIA's investment will give it an equity stake of approximately 0.6% in Reliance Retail.

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