New Delhi: Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore for a 1.4 per cent stake in Reliance Retail, the Indian firm said on Thursday.
This is the second investment by Mubadala in a subsidiary of Reliance Industries. It had previously invested Rs 9,093.60 crore for a 1.85 per cent stake in Jio Platforms.
"The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore," Reliance said in a statement.
(PTI Report)
New Delhi: Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore for a 1.4 per cent stake in Reliance Retail, the Indian firm said on Thursday.
This is the second investment by Mubadala in a subsidiary of Reliance Industries. It had previously invested Rs 9,093.60 crore for a 1.85 per cent stake in Jio Platforms.
"The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore," Reliance said in a statement.
(PTI Report)
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