Mubadala Investment Company(Mubadala), Abu Dhabi based sovereign wealth fund, invested Rs.6247.5 crore for 1.4% stake in the Reliance Retail Ventures Limited(RRVL), a subsidiary of Reliance Industries Limited. This investment of Mabadala marks the 5th investment into RRVL.
About the Investment:
i.This Rs.6247.5 crore investment values RRVL at a pre-money equity value of Rs.4.285 lakh crore.
ii.This investment of Mubadala will be translated into 1.40% equity stakes in RRVL on a fully diluted basis.
iii.This is Mubadala’s second investment into RIL following its Rs. 9,093.60 crore investment for 1.85% stake in Jio Platform.
Other Investments in RRVL:
i.On 30th September 2020, General Atlantic, a global private equity firm, invested Rs.3675 crores for 0.84% stake in RRVL.
ii.Silver lake, the private equity investor based in the United States, one of the existing investors of RRVL made their second investment of an additional Rs.1875 crore which makes the total fund infusion of RRVL to Rs.9375 for 2.13% stake.
Recent Related News:
i.On 23rd September 2020, Reliance Industries limited(RIL) announced that KKR (Kohlberg Kravis Roberts), global investment firm, will pick up 1.28% equity shares of RIL subsidiary Reliance Retail Ventures Limited(RRVL) by investing Rs.5550 crores.
ii.On 9th September 2020, Silver Lake, US based global technology investment firm, is set to invest Rs.7500 crore in Reliance Retail Ventures Limited(RRVL), a subsidiary of Reliance Industries Limited (RIL).
About Mubadala Investment Company:
MD & Group CEO– Khaldoon Khalifa Al Mubarak
Headquarters– Abu Dhabi, United Arab Emirates(UAE)