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6 Oct 2020

Abu Dhabi Based Company Ventures In Reliance Retail

Reports have been coming in from Reliance Industries where it is reported that ADIA is all set to invest Rs 5,512.50 crore in Reliance Retail Ventures.

As per reports coming in ADIA is a fully owned subsidiary of an Abu Dhabi based company investment company.   

This will be the first and a major investment of a foreign country in Reliance retail venture.  Reliance retail venture is a subsidiary company of Reliance Industries.

With this investment Reliance Industries has raised Rs 37,710 Crore from leading global investors from around the globe.

The investors also include Silver Lake, GIC, TPG, Mubadala.  These investments have been done in less than four weeks and it is a major contribution of an NRI's company in the Reliance Ventures.

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