ADIA, Mubadala and PIF among investors in Reliance Retail
MUMBAI/ November 19-2020: Â Reliance Industries Ltd and Reliance Retail Ventures Ltd (RRVL) have completed the current phase of partner induction and fund-raise exercise for RRVL.
RRVL has received cumulative subscription amount of Rs47,265 crore from different financial partners during the past two months, and allotted 69,27,81,234 equity shares to them.
Mubadala, ADIA from Abu Dhabi
Out of the total 10.09 per cent offered to new investors, 1.33 per cent was picked by Abu Dhabi-based Mubadala, another 1.18 per cent was bought by Abu Dhabi Investment Authority, both controlled by the Abu Dhabi Government.
Saudi’s PIF
Public Investment Fund (PIF), Saudi Arabia’s sovereign fund, also bought 2.04 per cent paying Rs9,555 crore, the largest among the nine investments made in the past two months.
The other international investors include Silver Lake Partners (1.6 per cent), Silver Lake Partners – Co-Investors (0.40 per cent), KKR (1.19 per cent), GIC (1.18 per cent), TPG (0.39 per cent) and General Atlantic (0.78 per cent).
Isha Mukesh Ambani (seen in the picture), Director of Reliance Retail Ventures Ltd (RRVL), said the group feels honoured by the phenomenal interest shown by investors in RRVL’s business and look forward to working with the new partners to benefit from their experience and global connectivity.
“With our focus on New Commerce, we are committed to playing a transformational role in the Indian retail sector by empowering millions of merchants and micro, small and medium enterprises (MSMEs)
