A wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA") would invest Rs 4,966.80 crore into Reliance Retail Ventures Limited ("RRVL"), a subsidiary of Reliance Industries Limited, according to a statement released today by RRVL. With a pre-money equity value of Rs 8.381 lakh crore, this investment places RRVL among the top four corporations in the nation. On a fully diluted basis, this investment by ADIA will result in an ownership holding of 0.59 percent in RRVL.    

Using an integrated omni-channel network of more than 18,500 stores and digital commerce platforms across the grocery, consumer electronics, fashion and lifestyle, and pharmaceutical consumption baskets, RRVL, through its subsidiaries and associates, operates India's largest, fastest-growing, and most profitable retail business.    

RRVL, through its New Commerce business, has digitised more than 3 million small and unorganised merchants. This will enable these merchants to use technology tools and an efficient supply chain infrastructure to deliver a superior value proposition to their own customers. 

Isha Mukesh Ambani, executive director of Reliance Retail Ventures Limited, said, “We are pleased to further deepen our relationship with ADIA with their continued support as an investor in Reliance Retail Ventures Limited. Their long-standing experience of over decades of value creation globally will further benefit us in implementing our vision and driving a transformation of the Indian retail sector.” 

Hamad Shahwan Aldhaheri, executive director of the Private Equities Department, ADIA, said, “Reliance Retail has demonstrated strong growth and adaptability in a market that is evolving at an unprecedented pace. This investment aligns with our strategy of supporting our portfolio companies that are transforming their respective end markets. We are pleased to partner with the Reliance Group, and increase our exposure to India’s dynamic and fast-growing consumer sector.” 

The transaction is subject to customary approvals. Reliance Retail Ventures Limited was advised financially by Morgan Stanley, while its legal counsel included Cyril Amarchand Mangaldas, Davis Polk, and Wardwell.   

ADIA, a globally diversified investment firm founded in 1976, makes careful investments on behalf of the Abu Dhabi government with a long-term wealth development strategy.