Billionaire Ambani Gets $855 Million From Abu Dhabi for Retail Venture

  • Date: 01-Oct-2020
  • Source: Bloomberg
  • Sector:Retail
  • Country:UAE
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Billionaire Ambani Gets $855 Million From Abu Dhabi for Retail Venture

Sign up here for our new personal finance newsletter and follow us @Wealth on Twitter.Mubadala Investment Co., the Abu Dhabi-based sovereign fund, will invest 62.5 billion rupees ($855 million) in Reliance Industries Ltd.'s retail unit, as billionaire Mukesh Ambani continues to enlist marquee backers after securing nearly $23 billion for his consumer businesses this year.