استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
يحاول ذهب - حر
ADIA doubles Retail, invests down on Reliance ₹4,967 cr more
October 07, 2023
|Mint Mumbai
Reliance Retail Ventures Ltd (RRVL) on Friday said that sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will invest an additional ₹4,966.80 crore in the retail unit of Reliance Industries Ltd, following a 1.18% stake purchase in the company in October 2020.
The fresh investment values RRVL at a pre-money equity value of ₹8.38 trillion, making it among India's top four most valuable companies.
The investment by ADIA will translate into an equity stake of 0.59% in RRVL on a fully diluted basis, the company said in a statement late on Friday. In 2020, ADIA, via a wholly owned subsidiary, promised to invest ₹5,512.50 crore in RRVL.
ADIA's investment follows Qatar Investment Authority's (QIA's) ₹8,278 crore investment into RRVL in August.
Between 2020 and 2021, the company has raised a total of ₹47,265 crore from nine global investors, including sovereign wealth fund Mubadala Investment Co., private equity firm General Atlantic, Silver Lake Partners, TPG Capital, Public Investment Fund, GIC, investment firm KKR, ADIA, and SLP Co-investors at a pre-money equity value of ₹4.21 trillion.
Together, the above investors, including the one announced on Friday, now hold a 12.88% stake in the company.
هذه القصة من طبعة October 07, 2023 من Mint Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Mint Mumbai
Mint Mumbai
Nelco crosses first step to satcom reselling licence
Tata Group-owned Nelco Ltd has received the government's preliminary approval to resell satellite internet services to consumers by partnering with companies such as Elon Musk’s Starlink, OneWeb, Amazon's Kuiper and Jio Satellite, according to three people in the know.
3 mins
October 02, 2025
Mint Mumbai
WHAT A YEAR AT COLUMBIA TAUGHT ME
An Indian journalist at Columbia University navigated a tumultuous year, learning unusual life lessons
8 mins
October 02, 2025
Mint Mumbai
Festive demand, tax cut power up auto sales in Sep
Powered by tax cuts and festive spirits, automobile sales took off in September, cheering manufacturers across the board.
3 mins
October 02, 2025
Mint Mumbai
Central bank seen keeping its options open on Tata Sons IPO
A day after the Reserve Bank of India's deadline for the Tata Group to list its holding company, Tata Sons, passed, the central bank appears to be still weighing its decision, with governor Sanjay Malhotra's comment leaving the matter open to interpretation.
2 mins
October 02, 2025
Mint Mumbai
US trade pact close, comprehensive deal to sidestep patents
As India and the US inch closer to the timeline to finalize a trade deal, both sides are moving towards signing a comprehensive Bilateral Trade Agreement (BTA) that will cover nearly every aspect of commerce, from tariff reduction and easing of non-tariff barriers to expanded access in services and energy cooperation.
2 mins
October 02, 2025
Mint Mumbai
RBI unveils plans to bolster credit flow to corporates, capital market
Regulator to remove cap on banks’ market lending to single group, proposes to allow acquisition funding
2 mins
October 02, 2025
Mint Mumbai
Cough syrup kills 6 children in MP; govt begins probe
Early reports suggest the syrups may have been tainted with diethylene glycol, a toxic chemical
1 mins
October 02, 2025
Mint Mumbai
Prez Trump's proposed changes to visa rules assailed by chip industry
The F-1 student visa serves as a critical pipeline to the tech workforce
4 mins
October 02, 2025
Mint Mumbai
Top firms tick boxes, but lag on diversity, independence
India's top 100 listed companies have shown progress in corporate governance practices, but persistent gaps remain in board meeting attendance, diversity, and leadership independence.
2 mins
October 02, 2025
Mint Mumbai
RBI rate actions are signals that markets need not always heed
Contrary to widespread belief, monetary transmission is both slower and far-from-linear, globally
3 mins
October 02, 2025
Translate
Change font size