InvestorQ : How much has the Abu Dhabi Investment Authority or ADIA invested in Reliance Retail Ventures?
Crowny Pinto made post

How much has the Abu Dhabi Investment Authority or ADIA invested in Reliance Retail Ventures?

Answer
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Arti Chavan answered.
3 weeks ago


Yes, the saga of Reliance Retail now acting as a magnet for global investments continues. Five of the PE investors who had invested in Jio Platforms have also invested in Reliance Retail with Abu Dhabi Investment Authority or ADIA became the sixth investor to book a stake in the Reliance Retail bandwagon.

Towards this stake, ADIA will pay a sum of Rs.5513 crore in exchange for a 1.20% stake in RRVL. Like in the earlier cases of Mubadala Investments, General Atlantic Partners, KKR, TPG and Silver Lakes; the ADIA deal has also valued RRVL at around Rs.450,000 crore.

With this stake sale to ADIA, Reliance has cumulatively monetized close to 8.48% in Reliance Retail for a total consideration of Rs.37,712 crore. It is reported that RIL may look to monetize up to 25% with PE investors and a significant stake with strategic partners.

The Abu Dhabi Investment Authority or the ADIA is a sovereign fund of the state of Abu Dhabi, which is one of the richest kingdoms in the United Arab Emirates. The ADIA largely looks to profitably deploy the oil export earnings into growth assets like equities.

In May this year, RIL started off the effort to monetize assets to become net zero debt by Mar-21. Now, even after it repays its net debt of Rs.161,000 crore, RIL will be left with a surplus of Rs.210,000 crore for other deployments.