Anurag Kumar
The Abu Dhabi Investment Authority is going to make an investment of 4,966.80 crore into Reliance Retail Ventures Limited. Reliance Retail Ventures Limited is a subsidiary of Reliance Industries Limited. As a result of this investment, RRVL now has a pre-money equity value that is estimated to be 8.381 lakh crore, placing it among the top four corporations in the nation in terms of equity value. On a fully diluted basis, this investment made by ADIA will result in the acquisition of an equity position in RRVL equal to 0.59% of the company’s total shares.
“We are delighted to further strengthen our connection with ADIA by virtue of their continuous support as an investor in Reliance Retail Ventures Limited. Their extensive expertise gained over the course of several decades of creating value throughout the globe will be of great assistance to us as we work to put our vision into action and propel the retail industry in India forward toward transformation. Isha Ambani, executive director of Reliance Retail Ventures Limited, stated that the investment made by ADIA in RRVL is a further proof to their conviction in the Indian economy as well as our business fundamentals, strategy, and capabilities of execution.
In response to a question about the transaction, Hamad Shahwan Aldhaheri, executive director of the private equities department at ADIA, stated that the investment is in line with ADIA’s overall strategy. “Reliance Retail has demonstrated strong growth and adaptability in a market that is evolving at a pace that is without precedent.” This investment is in line with our overall strategy, which entails providing support to our portfolio firms while they work to transform the end markets in which they operate. “We are pleased to partner with the Reliance Group and increase our exposure to India’s dynamic and rapidly expanding consumer sector,” Aldaheri remarked.
