Mubadala picks up 1.4 pc stake in Reliance Retail for Rs 6,247.5 cr

This is the second investment by Mubadala in a subsidiary of Reliance Industries. It had previously invested Rs 9,093.60 crore for a 1.85 per cent stake in Jio Platforms

By   |  Published: 1st Oct 2020  11:48 pm

New Delhi: Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore for a 1.4 per cent stake in Reliance Retail, the Indian firm said on Thursday.

This is the second investment by Mubadala in a subsidiary of Reliance Industries. It had previously invested Rs 9,093.60 crore for a 1.85 per cent stake in Jio Platforms.

“The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore,” Reliance said in a statement.


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