Reliance Retail to raise Rs 4,966.80 crore from Abu Dhabi Investment Authority

NEW DELHI: Mukesh Ambani’s Reliance Retail Ventures said on Friday that Abu Dhabi Investment Authority (ADIA) would invest Rs 4,966.80 crore ($597.58 million) in the company at a valuation of $100.8 billion.
The investment by ADIA will translate into a stake of 0.59% in the company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing.
Reliance Retail has attracted investments from private equity firm KKR & Co and Qatar Investment Authority (QIA) in recent months.