Abu Dhabi-based Mubadala to invest Rs 6,247.5 crore in Reliance Retail Ventures for 1.4% stake

Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) on Thursday announced that Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore (AED 3.1 billion) into RRVL. This marks the second significant investment by Mubadala in a RIL subsidiary after the USD 1.2 billion investment in Jio Platforms announced earlier this year.
Source: Top News

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