ADIA to invest Rs 5,512 crore in Reliance Retail
NEW DELHI:Billionaire Mukesh Ambani-controlled Reliance Industries Ltd (RIL) on Tuesday announced that Abu Dhabi Investment Authority (ADIA) will invest Rs 5, 512.50 crore in Reliance Retail Ventures Limited (RRVL) for a 1.20 per cent equity stake. Like the other recent transactions, the investment values the RIL subsidiary at a pre-money equity value of Rs 4,285 […]