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.
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.
An ADIA official mentioned that Reliance Retail has shown strong growth and exceptional performance in the market, aligning with ADIA’s portfolio company strategy.
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, 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.
The Sensex dropped 930.67 points, or 1.22 per cent, to settle at 75,364.69. It moved…
The SC will hear the Muslim side’s petition in the Mathura Krishna Janmabhoomi dispute on…
Justice Amit Mahajan said that even if DNA proves the accused is the biological father…
The SC allowed Yasin Malik to cross-examine prosecution witnesses via video conferencing from Tihar jail,…
The Delhi HC directed Customs Department officials not to confiscate old or personal jewellery worn…
Prime Minister Narendra Modi on Friday unveiled a 21-point action plan at the BIMSTEC Summit…