Reliance Retail to get 5,512 crore investment by ADIA

ADIA, a completely owned subsidiary of the Abu Dhabi Investment Authority will put Rs 5,512.50 crore into RRVL, an subsidiary of Reliance Industries. With this venture, RRVL has raised Rs 37,710 crore from driving worldwide speculators including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in under about a month.

The arrangement comes three days after Singapore speculation organization GIC reported its arrangement to put Rs 5512.5 crore in Reliance Retail Ventures Limited (RRVL).

Reporting the arrangement, Mukesh Ambani said, “We are pleased with ADIA’s present venture and proceeded with help and plan to profit by its solid history of more than forty years of significant worth creation worldwide. The speculation by ADIA is a further underwriting of Reliance Retail’s exhibition and potential and the comprehensive and groundbreaking New Commerce plan of action that it is turning out.”

Set up in 1976, ADIA is a universally broadened speculation foundation that wisely contributes assets for the benefit of the Government of Abu Dhabi through a system zeroed in on long haul esteem creation.