Abu Dhabi-based Mubadala to invest Rs 6,247.5 crore in Reliance Retail for 1.4% stake

Mumbai: Oil-to-retail conglomerate Reliance Industries (RIL) said on Thursday that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore into its unit Reliance Retail Ventures Limited (RRVL) for a 1.40 per cent stake

The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.

This marks the second significant investment by Mubadala in a Reliance Industries’ subsidiary after the $1.2 billion investment in Jio Platforms announced earlier this year.

With this investment, Reliance Retail has collected a combined Rs 24,847.5 crore in the past few weeks from investors including US buyout firm KKR & Co, private equity giant General Atlantic, technology investment firm Silver Lake and sovereign wealth fund Mubadala.

This is the third such deal for RRVL in the past two days. On Wednesday, RIL announced that co-investors of Silver Lake and General Atlantic will invest Rs 1,875 crore and Rs 3,675 crore respectively in RRVL.

Ahead of the announcement, RIL shares closed 0.39 per cent lower at Rs 2,225.05, while benchmark Sensex jumped 1.65 per cent to 38,697.05.