Mubadala Acquires 1.4 Percent Stake in India’s Reliance Retail Unit for $843 Million

Mubadala Acquires 1.4 Percent Stake in India’s Reliance Retail Unit for $843 Million

This is the Abu Dhabi group's second big stake deal with RIL, the billionaire Mukesh Ambani-led company, after the $1.2 billion investment in Jio Platforms announced earlier this year.

 

Reliance Retail Limited, a subsidiary of RRVL, operates India's fastest growing and most profitable retail business serving close to 640 million footfalls across its 12,000 stores nationwide.

 

Reliance Retail's vision is to galvanize the Indian retail sector through an inclusive strategy that empowers millions of farmers and micro, small and medium enterprises.

 

Working closely with global and domestic companies as a preferred partner, it aims to deliver immense benefits to Indian society, while protecting and generating employment for millions of Indians.

 

Reliance Retail, through its New Commerce strategy, has started a transformational digitalization of small and unorganized merchants and is committed to expanding the network