Mubadala picks up 1.4% stake in Reliance Retail for Rs 6,247.5 Cr
Shortpedia
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Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore for a 1.4% stake in Reliance Retail, the Indian firm said on Thursday. This is the second investment by Mubadala in a subsidiary of Reliance Industries. It had previously invested Rs 9,093.60 crore for a 1.85% stake in Jio Platforms. The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore, Reliance said.
