Abu Dhabi-based sovereign investor Mubadala Investment Company (Mubadala) has decided to invest ₹6,247.5 crore (AED 3.1 billion) into Reliance Retail Ventures Ltd. (RRVL), a subsidiary of Reliance Industries Ltd. (RIL).
Mubadala’s investment will translate into a 1.4% equity stake in RRVL on a fully diluted basis, RIL said in a filing with the stock exchanges.
The investment values Reliance Retail at a pre-money equity value of ₹4.29 lakh crore.
This marks the second significant investment by Mubadala in a Reliance Industries subsidiary after the $1.2 billion investment in Jio Platforms announced earlier this year.
