Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest ₹6,247.5 crore (AED 3.1 billion) into Reliance Retail Ventures Limited. Mubadala’s investment will translate into a 1.40 per cent equity stake in RRVL on a fully diluted basis.

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

This is the fifth investment into Reliance Retail.

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On Thursday, General Atlantic said it will invest ₹ 3,675 crore for a 0.84 per cent equity stake in RRVL. On the same day, co-investors of Silver Lake announced a ₹1,875 crore investment . On September 23, Reliance Retail announced a ₹5,550-crore fund-raise from US-based investment firm KKR for a 1.28 per cent stake.

On September 8, an investment of ₹7,500 crore was announced by US-based Silver Lake. More deals are expected over the next few weeks, with the names of global investors TPG and Abu Dhabi Investment Authority doing the rounds.

Reliance Retail Limited operates 12,000 stores nationwide. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said: “We value the partnership with a knowledge-rich organisation like Mubadala and acknowledge their confidence in our mission to strengthen the core of India’s retail sector — the millions of small retailers, merchants and shopkeepers — through the power of technology. ”

 

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