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Abu Dhabi state fund Mubadala to invest $853m in Reliance Retail

Mubadala’s investment will translate into a 1.40% equity stake in Reliance Retail on a fully diluted basis. (File/Reuters)

Updated 02 October 2020

October 01, 2020 13:45

Abu Dhabi state fund Mubadala to invest $853m in Reliance Retail

Updated 02 October 2020

October 01, 2020 13:45

BENGALURU: Abu Dhabi state fund Mubadala Investment Company will invest $852.84 million in Reliance Industries retail arm, giving the unit a pre-money equity value of 4.29 trillion rupees, the Indian conglomerate said on Thursday.
Mubadala’s investment will translate into a 1.40% equity stake in Reliance Retail on a fully diluted basis.