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A subsidiary of the Abu Dhabi Investment Authority will invest ₹5,512.50 crores in Reliance Industries Ltd. for how much per cent stake in its retail arm?

A subsidiary of the Abu Dhabi Investment Authority will invest ₹5,512.50 crores in Reliance Industries Ltd. for how much per cent stake in its retail arm? Correct Answer 1.2

The correct answer is 1.2%.

  • Reliance Industries Ltd, led by Mukesh Ambani, said that a subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹5,512.50 crores for 1.2% stake in its retail arm.
  • This investment values Reliance Retail Ventures Ltd (RRVL) at a pre-money equity value of ₹ 4.285 lakh crore.
  • ADIA’s investment will translate into a 1.2% equity stake in RRVL on a fully diluted basis.

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