Reliance Retail To Sell Rs 6,248-Crore Stake To Abu Dhabi’s Mubadala

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Reliance Retail To Sell Rs 6,248-Crore Stake To Abu Dhabi State Fund Mubadala

Bengaluru:

Abu Dhabi state fund Mubadala Investment Company will invest Rs 6,248 crore ($852.84 million) in Reliance Industries retail arm, giving the unit a pre-money equity value of 4.29 trillion rupees, the Indian conglomerate said on Thursday.

Mubadala’s investment will translate into a 1.40 per cent equity stake in Reliance Retail on a fully diluted basis. 

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