Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, announced on Friday that a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) will invest Rs ₹4,966.80 crore into Reliance Retail.
RRVL’s pre-money equity value is Rs 8.381 lakh crore, placing it among India’s top four companies.
On a fully-diluted basis, ADIA’s investment will result in a 0.59 per cent equity stake in RRVL.
A total of 267 million loyal customers are served by RRVL, along with its subsidiaries and associates.
Across grocery, consumer electronics, fashion and lifestyle, and pharmaceuticals, the company operates over 18,500 stores and digital commerce platforms.
In addition to serving millions of customers, RRVL empowers micro, small, and medium enterprises (MSMEs) and fosters collaborations with global and domestic companies.
As a result of this approach, millions of Indians will have access to employment opportunities, resulting in substantial benefits to Indian society.
RRVL’s New Commerce business has already digitally transformed over 3 million small and unorganized merchants, enabling them to utilize technology tools and an efficient supply chain infrastructure to enhance customer satisfaction.
Isha Mukesh Ambani, Executive Director of Reliance Retail Ventures Limited, expressed her satisfaction with ADIA’s ongoing investment in the company, stating that their longstanding expertise in creating value on a global scale will greatly aid in the realization of their vision and the transformation of India’s retail industry. This continued support from ADIA is a testament to their confidence in the strength of the Indian economy and our company’s foundational values, strategic approach, and ability to execute effectively.
He said, “Reliance Retail has demonstrated strong growth and adaptability in a rapidly evolving market,” said Hamad Shahwan Aldhaheri, Executive Director of ADIA’s Private Equities Department. Through this investment, we aim to support portfolio companies transforming their respective end markets in accordance with our strategy. Through our partnership with the Reliance Group, we will gain more exposure to India’s dynamic and fast-growing consumer market.”
RRVL’s parent company, Reliance Industries Limited (RIL), is India’s largest private company. It has interests in hydrocarbon exploration, petroleum refining and marketing, petrochemicals, renewables, retail, and digital services.
In addition to its significant global footprint, RIL consistently ranks among the world’s largest and most influential companies.
Morgan Stanley served as Reliance Retail Ventures Limited’s financial advisor, while Cyril Amarchand Mangaldas and Davis Polk and Wardwell acted as its legal counsel.