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KRChoksey Report
Reliance Industries Ltd. on October 03, 2020 announced that GIC and TPG Capital Management will be investing Rs 5,512.5 crore (1.22% stake) and Rs 1,837.5 crore (0.41% stake) respectively into Reliance Retail Ventures Ltd., a subsidiary of Reliance Industries.
Similarly on October 01, 2020, Reliance Indsutries announced that Abu Dhabi-based sovereign investor Mubadala Investment Company will invest an amount Rs 6,247.5 crore in Reliance Retail which will translate into a 1.40% equity stake in Reliance Retail on a fully diluted basis.
Transaction for the above investments is valued at a pre-money equity value of Rs 4.285 lakh crore.
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