Abu Dhabi Investment Authority to invest over $750 mln in Reliance Retail
ADIA's investment will translate into a 1.20 percent equity stake in Reliance Retail on a fully diluted basis
Abu Dhabi Investment Authority (ADIA) will invest 55.13 billion rupees ($751.13 million) in Reliance Industries' retail arm, giving the unit a pre-money equity value of 4.29 trillion rupees, the Indian conglomerate said on Tuesday.
ADIA's investment will translate into a 1.20 percent equity stake in Reliance Retail on a fully diluted basis.
($1 = 73.3960 Indian rupees)