Reliance Retail Ventures Limited (RRVL) has announced a significant financial boost with a ₹4,966.80 crore investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). This strategic investment values RRVL, a subsidiary of Reliance Industries Limited, at a pre-money equity value of ₹8.381 lakh crore, placing it among the top four companies in India by equity value. The investment by ADIA will result in an equity stake of 0.59% in RRVL on a fully-diluted basis. RRVL is a retail giant in India, recognized for running the largest and most profitable business, catering to a customer base of 267 million loyal patrons. Operating an extensive omni-channel network of 18,500 stores and digital platforms, RRVL spans diverse sectors including grocery, consumer electronics, fashion & lifestyle, and pharma products. RRVL wants to make the retail business in India better. They want to include more customers, help small businesses, and work together with companies from India and around the world. RRVL’s New Commerce business is using technology to help over 3 million small shops, giving them tools and a better way to serve their customers. Ms. Isha Mukesh Ambani, Executive Director expressed her pleasure in deepening the relationship with ADIA, highlighting their continued support as investors. Mr. Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, praised Reliance Retail’s strong growth and adaptability in a rapidly evolving market. The investment aligns with ADIA’s strategy of supporting companies that are changing and improving the markets they work in. The transaction is subject to customary approvals. Morgan Stanley served as the financial advisor to Reliance Retail Ventures Limited, while Cyril Amarchand Mangaldas and Davis Polk & Wardwell acted as legal counsels. Reliance Industries Limited, RRVL’s parent company, is India’s largest private sector firm with operations spanning hydrocarbons, refining, petrochemicals, renewables, retail, and digital services. ADIA, a globally-diversified investment institution established in 1976, invests for the Government of Abu Dhabi, focusing on long-term value across various sectors. ADIA’s investment reflects confidence in the Indian economy and RRVL’s business, aiming to enhance RRVL’s position in India’s dynamic retail sector.
