InvestorQ : Can you share details of the Mubadala investment in Reliance Retail?
Anjana Aiyar made post

Can you share details of the Mubadala investment in Reliance Retail?

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Khushi Patel answered.
4 weeks ago
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The sovereign wealth fund from Abu Dhabi, Mubadala Investment, is back to pick up a stake in Reliance properties. It just infused Rs.6248 crore in Reliance Retail Ventures in exchange for a 1.4% stake on a fully diluted basis. This deal values RRVL at close to Rs.4.40 trillion.

Mubadala is the fourth PE investment in Reliance Retail after KKR, Silver Lakes and General Atlantic Partners. Interestingly, all these four investors had taken a stake in Jio Platforms too. Even ADIA, which had also invested in Jio Platforms, is in talks for a stake in Reliance Retail.

While Ambani has already raised Rs.153,000 crore from monetizing their stake in Jio Platforms, it has raised close to Rs.25,000 crore from Reliance Retail Ventures. It still has a long way to go.

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