Abu Dhabi-based Mubadala to invest Rs 6,247.5 crore in Reliance Retail for 1.4% stake
Mumbai: Oil-to-retail conglomerate Reliance Industries (RIL) said on Thursday that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore into its unit Reliance Retail Ventures Limited (RRVL) for a 1.40 per cent stake The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. This marks … Read more