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

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Published 7 October 2020, 8:00 · Updated 21:26

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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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