Digital Scoop India Official Platform of Digital Scoop India Featuring Latest & Best News #Articles #Bytes #Entertainment #DigitalScoopMagazine
Related Articles
In a significant development for India’s retail industry, Abu Dhabi Investment Authority (ADIA) has committed to investing ₹4,966.80 crore in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL). This substantial investment values RRVL at a pre-money equity valuation of ₹8.381 lakh crore, propelling it into the league of the country’s top four companies by equity value.
ADIA’s investment in RRVL will translate into an equity stake of 0.59% in the retail powerhouse on a fully diluted basis. This infusion of capital underscores the growing confidence in Reliance Retail Ventures Limited’s ability to shape the future of India’s retail landscape.
Isha Ambani, Executive Director of Reliance Retail Ventures Limited, expressed her delight at the deepening relationship with ADIA, stating, “We are pleased to further deepen our relationship with ADIA with their continued support as an investor in Reliance Retail Ventures Limited. Their long-standing experience of over decades of value creation globally will further benefit us in implementing our vision and driving transformation of the Indian retail sector. ADIA’s investment in RRVL is a further testament to their belief in the Indian economy and our business fundamentals, strategy, and execution capabilities.”
Commenting on the strategic investment, Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, highlighted how it aligns with ADIA’s broader strategy. “Reliance Retail has demonstrated strong growth and adaptability in a market that is evolving at an unprecedented pace. This investment aligns with our strategy of supporting our portfolio companies that are transforming their respective end-markets. We are pleased to partner with the Reliance Group and increase our exposure to India’s dynamic and fast-growing consumer sector,” Aldaheri emphasized.
The investment by ADIA not only reaffirms the resilience and potential of India’s retail sector but also strengthens the strategic alliance between ADIA and the Reliance Group. As Reliance Retail Ventures Limited continues to lead in innovation and customer-centric offerings, this substantial investment sets the stage for further growth and expansion in India’s retail landscape.
Sources By Agencies
