MUBADALA INVESTS IN RELIANCE RETAILS | 1.4 PERCENT STAKES | WORTH 6247 CRORES | 2020

 MUBADALA INVESTS IN RELIANCE RETAILS 

 Investment inflows into Reliance Retail Ventures (RRVL) have continued following the recent launch of JIO Platforms, part of the Reliance Group. Abu Dhabi-based Sovereign Wealth Fund Mubadala Investment has acquired a 1.4 percent stake in Reliance. For this, Mubadala paid Rs. 6,247.5 crores. 

This is the second investment in the company by Reliance Group. Mubadala already has Rs. Bought a 1.85 percent stake in JIO Platforms for Rs 9,093.6 crore.

‘Partnering with a giant company like Mubadala will be of considerable benefit to us. These investments are a testament to Mubadala's confidence in our commitment to support millions of small retailers and traders in the Indian retail sector. 

Mukesh Ambani, Chairman, Reliance Industries, said, "The company's investment and guidance can go a long way in achieving our goal." "The partnership with Reliance has been further strengthened through our investment in RRVL," said Khaldun Al Mubarak, CEO of Mubadala Investment Company Group.

 FIVE DEALS IN THREE WEEKS:-

This is the fifth deal in the last three weeks regarding investments in RRVL. US-based KKR & Company has raised Rs. 5,550 crore (1.28 percent stake), while private equity firm General Atlantic raised Rs. 3,675 crore (0.84 per cent stake). 

Apart from these, Silver Lake will receive a total of Rs. 9,375 crore (2.13 percent stake). According to this, Reliance's retail valuation is around Rs. 4.29 lakh crore. Reliance has sold a 5.65 percent stake in the retail segment since September. 24,847.5 crores.