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  3. ADIA may infuse $600 million in Reliance Retail: Report

ADIA may infuse $600 million in Reliance Retail: Report

27 Sept 2023

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Key Takeaways

  • The company is poised for substantial profitability with ample funding and expansion plans. Alongside its numerous subsidiaries operating 18,000+ stores in India, it aims to diversify into fashion, retail, and grocery sectors through enhanced partnerships and small business acquisitions.


  • The company is poised for substantial profitability with ample funding and expansion plans. Alongside its numerous subsidiaries operating 18,000+ stores in India, it aims to diversify into fashion, retail, and grocery sectors through enhanced partnerships and small business acquisitions.


Reliance Retail

Reliance Retail

0.00%

Expert Analysis

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.

Publisher:Mint