Reliance Retail sells 1.2% stake to Abu Dhabi investment authority for Rs 5,512.50 Crore
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Reliance Retail Ventures Limited, the retail arm of Mukesh Ambani-led RIL, received an additional investment of Rs 5,512.50 crore on Tuesday. The funding comes from the reputed Abu Dhabi Investment Authority (ADIA), which has bought 1.2 percent stake in RRVL. The investment from ADIA comes a week after another Abu Dhabi-based entity, Mubadala, picked up 1.4 percent stake in RIL's retail arm for Rs 6,247.5 crore.