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Reliance Retail To Sell Rs 6,248-Crore Stake To Abu Dhabi State Fund Mubadala


Bengaluru:

Abu Dhabi state fund Mubadala Funding Firm will make investments Rs 6,248 crore ($852.84 million) in Reliance Industries retail arm, giving the unit a pre-money fairness worth of 4.29 trillion rupees, the Indian conglomerate stated on Thursday.

Mubadala’s funding will translate right into a 1.40 per cent fairness stake in Reliance Retail on a completely diluted foundation. 

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