ADIA Likely To Invest $600mn In Reliance Retail: Report

This move comes after ADIA initially invested in Reliance Retail Ventures in October 2020, securing a 1.2 per cent stake for Rs 5,512 crore

The Abu Dhabi Investment Authority (ADIA) is eyeing the possibility of increasing its stake in Mukesh Ambani’s dynamic retail empire. Recent media reports indicate that ADIA is considering a substantial investment of USD 600 million into Reliance Retail.

The Abu Dhabi fund currently owns a 1.2 percent stake in RRVL which it acquired with an investment of about USD 750 million. The investment was made in 2020.

According to media reports, Reliance Retail Venture’s current valuation is about 60 per cent higher than the last round.

Last month, a wholly-owned subsidiary of Qatar Investment Authority invested close to USD 1 billion in RRVL for a minority stake of 0.99 per cent.

In a significant development earlier this week, Reliance Industries Limited’s (RIL) retail division successfully received a total subscription of Rs 2,069 crore from the prominent global investment firm, KKR. Consequently, KKR’s equity shareholding in Reliance Retail Ventures Limited (RRVL) increased from 1.17 to 1.42 per cent.

Furthermore, RIL recently obtained Rs 8,278 crore from the Qatar Investment Authority (QIA) in exchange for an approximately 1 per cent stake in RRVL, valuing the retail arm at Rs 8.278 lakh crore (USD 100 billion).AD

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