“ADIA Invests Rs 4,966.80 Crore in Reliance Retail Ventures, Valuing It at Rs 8.381 Lakh Crore”

ADIA Invests Rs 4,966.80 Crore in Reliance Retail Ventures, Valuing It at Rs 8.381 Lakh Crore

Abu Dhabi Investment Authority (ADIA) has made a significant investment of Rs 4,966.80 crore in Reliance Retail Ventures (RRVL), securing a 0.59 percent equity stake in the retail arm of the global conglomerate, Reliance Industries. This investment positions RRVL at a pre-money equity value of Rs 8.381 lakh crore, making it one of the top four companies in India in terms of equity value.

The news of this strategic investment has impacted the share prices of Reliance Industries, with a slight dip of 0.39 percent in early trading, with shares trading at Rs 2,340.15 on the NSE.

RIL had previously announced ADIA’s investment through a subsidiary on October 6. Isha Ambani, Executive Director of RRVL, expressed her pleasure at deepening the relationship with ADIA and their continued support as an investor in Reliance Retail Ventures Limited. She noted that ADIA’s investment is a testament to their faith in the Indian economy and the strong business fundamentals, strategy, and execution capabilities of RRVL.

Reliance Retail Ventures Limited, along with its subsidiaries and affiliates, operates an integrated omni-channel network featuring over 18,500 stores and digital commerce platforms, covering various consumer segments, including groceries, consumer electronics, fashion & lifestyle, and pharmaceuticals.

In its recent financial performance, RRVL reported a consolidated turnover of Rs 260,364 crore and a net profit of Rs 9,181 crore for the fiscal year ending on March 31, 2023.

ADIA, the Abu Dhabi Investment Authority, is a renowned investment institution that manages funds on behalf of the Government of Abu Dhabi. Their investment strategy is centered on creating long-term value, and they have been actively involved in private equity investments since 1989.

Sources By Agencies

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