Mubadala Investment Company (Mubadala), an Abu Dhabi-based government property fund, is about to buy 1.4 per cent stake in Reliance Retail for Rs 6,247.5 crore. Reliance Industries (RIL) gave this information on Thursday. This is Mubadala’s second investment in the subsidiary units of Reliance Industries. Earlier, Mubadala has acquired 1.85 per cent stake in Jio Platforms by investing Rs 9,093.60 crore. “The valuation of Reliance Retail through this investment is in line with the prior equity value of Rs 4.285 lakh crore,” Reliance said in a statement.
This is the 5th investment in Reliance Retail in the last three weeks. Earlier, on September 30, the American company Silver Lake’s Investor Company announced an investment of Rs 1875 crore in Reliance Retail. Silver Lake has already invested 7500 crores in Reliance Retail. In this way, the company has so far invested 9375 crore in Reliance Retail. This will increase Silver Lake Group’s stake in Reliance Retail to 2.13 per cent.
On September 30, global private equity firm General Atlantic announced an investment of Rs 3,675 crore in Reliance Retail. KKR has also invested Rs 5550 crore in Reliance Retail. These three companies have also invested in Jio platforms.
