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| Name | ADIA invests Rs 5,512.5 cr in Reliance Retail for 1.2% stake |
| Video Uploader | Video From The Economic Times |
| Upload Date | This Video Uploaded At 06-10-2020 18:01:25 |
| Video Discription | Billionaire Mukesh Ambani-controlled Reliance Industries Ltd (RIL) on Tuesday announced yet another investment by an overseas entity in its retail business. Abu Dhabi Investment Authority (ADIA) will invest Rs 5, 512.50 crore in Reliance Retail Ventures Limited (RRVL) for a 1.20 per cent equity stake. Like the other recent transactions, the investment values the RIL subsidiary at a pre-money equity value of Rs 4,285 lakh crore. ► Subscribe to The Economic Times for latest video updates. It's free! - http://www.youtube.com/TheEconomicTimes?sub_confirmation=1 ► More Videos @ ETTV - http://economictimes.indiatimes.com/TV ► http://EconomicTimes.com ► For business news on the go, download ET app: https://etapp.onelink.me/tOvY/EconomicTimesApp Follow ET on: ► Facebook - https://www.facebook.com/EconomicTimes ► Twitter - http://www.twitter.com/economictimes ► LinkedIn - http://www.linkedin.com/company/economictimes ► Instagram - https://www.instagram.com/the_economic_times ► Flipboard - https://flipboard.com/@economictimes The Economic Times | A Times Internet Limited product |
| Category | News & Politics |
| Tags | Business News | Financial News | reliance industries | Mukesh Ambani | Reliance Retail | ADIA | reliance retail stake sale |
