Business

Reliance: Abu Dhabi Firm Invests ₹5,000 Crores In Reliance – What Share Will They Get?

Investor confidence in Indian industrialist Mukesh Ambani’s companies is consistently increasing, leading to rapid investments. In this series, the Abu Dhabi Investment Authority (ADIA) has announced the purchase of a 0.59% stake in Reliance Ventures Limited, amounting to an investment of INR 4,966.80 crores. Prior to this, global investment firm KKR had invested INR 2,000 crores.

ADIA will acquire a 0.59% stake

With this investment, Reliance Industries Limited’s equity value has reached INR 8.381 lakh crores. ADIA will acquire a 0.59% stake in the company, making Reliance Retail Ventures one of the top 4 companies in the country.

ADIA official mentioned

An ADIA official mentioned that Reliance Retail has shown strong growth and exceptional performance in the market, aligning with ADIA’s portfolio company strategy.

Qatar Investment Authority

Prior to this, in August 2023, the Qatar Investment Authority had also invested INR 8,278 crores for a 0.99% stake in Reliance Retail. Subsequently, KKR invested INR 2,069.50 crores, and now another significant investment has been made.

Isha Ambani statement

Isha Ambani, the director of the company, stated that Reliance Retail’s valuation has doubled in the three years since 2020. The company’s reach extends to approximately 267 crore consumers in the country. As investors, we are excited about ADIA’s support and the strengthening of the company’s relationships with them. This is expected to bring significant changes to the Indian retail market.

Priyanka Rai

Recent Posts

PM Modi Announces Sending Lord Buddha’s Relics To Thailand

PM Modi announced that India will send relics of Lord Buddha, discovered in Gujarat’s Aravalli…

13 hours ago

PM Modi Shares Highlights From Bangkok: A Vibrant Welcome, Community Connect, & The Ramayan!

Prime Minister Narendra Modi highlighted the deep cultural ties between India and Thailand during his…

13 hours ago

Judicial Strength At Risk, Says Delhi HC Bar Association On Justice Singh’s Transfer

The Delhi High Court Bar Association has raised concerns over Justice Chandra Dhari Singh’s transfer…

13 hours ago

PM Modi: Thailand Key To India’s ‘Act East’ Policy & Indo-Pacific Vision

Prime Minister Narendra Modi, during his visit to Bangkok, highlighted Thailand's strategic importance in India's…

14 hours ago

Thailand Releases Commemorative Stamp Showcasing 18th-Century Ramayan Murals During PM Modi’s Visit

Thailand unveiled a commemorative stamp featuring 18th-century Ramayan mural paintings, marking the first day of…

14 hours ago

Centuries-Old Bonds Strengthen As India-Thailand Deepen Partnership: PM Modi

PM Modi and Thai PM Paetongtarn Shinawatra elevate India-Thailand ties to a strategic partnership in…

14 hours ago