{"id":327150,"date":"2020-10-01T15:38:06","date_gmt":"2020-10-01T15:38:06","guid":{"rendered":"http:\/\/tehelka.com\/?p=327150"},"modified":"2020-10-01T15:38:11","modified_gmt":"2020-10-01T15:38:11","slug":"abu-dhabi-based-sovereign-investor-mubadala-to-invest-rs-6247-5-crore-in-reliance-retail-ventures","status":"publish","type":"post","link":"https:\/\/tehelka.com\/abu-dhabi-based-sovereign-investor-mubadala-to-invest-rs-6247-5-crore-in-reliance-retail-ventures\/","title":{"rendered":"Abu Dhabi-based sovereign investor Mubadala to invest Rs 6,247.5 crore in Reliance Retail Ventures"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\"><a href=\"http:\/\/tehelka.com\/abu-dhabi-based-sovereign-investor-mubadala-to-invest-rs-6247-5-crore-in-reliance-retail-ventures\/reliance-retial\/\" rel=\"attachment wp-att-327151\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-327151 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2020\/10\/reliance-retial-300x174.jpg\" alt=\"\" width=\"553\" height=\"321\" srcset=\"https:\/\/tehelka.com\/media\/2020\/10\/reliance-retial-300x174.jpg 300w, https:\/\/tehelka.com\/media\/2020\/10\/reliance-retial-768x447.jpg 768w, https:\/\/tehelka.com\/media\/2020\/10\/reliance-retial-696x405.jpg 696w, https:\/\/tehelka.com\/media\/2020\/10\/reliance-retial-722x420.jpg 722w, https:\/\/tehelka.com\/media\/2020\/10\/reliance-retial.jpg 1011w\" sizes=\"(max-width: 553px) 100vw, 553px\" \/><\/a>Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Thursday announced that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore (AED 3.1 billion) into RRVL, a subsidiary of India\u2019s Reliance Industries Limited. The investment values Reliance Retail at a pre-money equity value of \u20b9 4.285 lakh crore. Mubadala\u2019s investment will translate into a 1.40% equity stake in RRVL on a fully diluted basis.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">This marks the second significant investment by Mubadala in a Reliance Industries subsidiary after the US $1.2 billion investment in Jio Platforms announced earlier this year.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said: \u201cI am\u00a0<\/span><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">happy to welcome Mubadala as a valued investor in Reliance Retail Ventures. We value the partnership with a knowledge-rich organization like Mubadala and acknowledge their confidence in our mission to strengthen the core of India\u2019s retail sector \u2013 the millions of small retailers, merchants and shopkeepers \u2013 through the power of technology. Mubadala\u2019s investment and guidance will be an invaluable support in this journey.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">Khaldoon Al Mubarak, Managing Director and Group CEO, Mubadala Investment\u00a0<\/span><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">Company, said: &#8220;We are pleased to deepen our relationship with Reliance Industries through this investment in Reliance Retail Ventures. Their vision is the inclusive transformation of India\u2019s consumer economy through the power of digitization, creating opportunities and market access for millions of small businesses across the country, and we are committed to supporting the company\u2019s continuing development.&#8221;<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt; font-family: 'times new roman', times, serif;\">RRVL is a subsidiary of Reliance Industries Limited and holding company of all the retail companies under the RIL Group. RRVL reported a consolidated turnover of Rs 162,936 crore ($ 21.7 billion) and net profit of Rs 5,448 crore ($ 726.4 million) for the year ended March 31, 2020.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Thursday announced that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore (AED 3.1 billion) into RRVL, a subsidiary of India\u2019s Reliance Industries Limited. The investment values Reliance Retail at a pre-money equity value of \u20b9 4.285 lakh crore. Mubadala\u2019s [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":327151,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[167],"tags":[3606,13537,13536],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/327150"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=327150"}],"version-history":[{"count":2,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/327150\/revisions"}],"predecessor-version":[{"id":327153,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/327150\/revisions\/327153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/327151"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=327150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=327150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=327150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}