ADIA plans to infuse $600 Million into Reliance Retail for an additional stake.
Justification
The Abu Dhabi Investment Authority (ADIA) is contemplating infusing $600 Million in Reliance Retail, over & above its 1.2% stake.
Earlier this week, RIL's retail division received ₹2,069.50 crore from global investment firm KKR. In return, RIL allocated 1.71 crore equity shares, raising KKR's stake in the company from 1.42% to 1.17%.
Earlier this month, RIL received ₹8,278 crore from Qatar Investment Authority (QIA) in exchange for an approximately 1% stake in Reliance Retail Ventures Ltd (RRVL), valued at ₹8.278 lakh crore (USD 100 billion).
RRVL had raised funds from Silver Lake, KKR, Mubadala, Abu Dhabi Investment Authority, GIC, TPG, General Atlantic, and Saudi Arabia's Public Investment Fund at a valuation of around $57 billion in 2020.
