ADIA to Infuse $600 Million in Reliance Retail

Abu Dhabi Investment Authority (ADIA) is considering investing an additional $600 million in Reliance Retail, which would increase its stake in Mukesh Ambani”s retail empire. ADIA currently holds a 1.2% stake in Reliance Retail Ventures, having invested Rs.5,512.50 crore in October 2020.

Earlier this week, global investment firm KKR invested Rs.2,069.50 crore in RIL”s retail arm, gaining 1.71 crore equity shares. This increased KKR”s shareholding in RRVL to 1.42% from 1.17%.

Qatar Investment Authority (QIA) has also bought a 1% stake in RRVL for Rs.8,278 crore.

In 2020, Reliance Retail Ventures Limited (RRVL) successfully raised Rs.47,265 crore (approximately $6.4 billion) from global private equity funds. This investment accounted for a 10.09% stake in the company, resulting in a valuation of over Rs.4.2 lakh crore. It was the most significant fundraising initiative in the sector at that time.

During this round of funding, RRVL attracted investments from several prominent entities, including Silver Lake, KKR, Mubadala, ADIA, GIC, TPG, General Atlantic, and Saudi Arabia”s Public Investment Fund. The company”s valuation stood at approximately $57 billion.