Abu Dhabi state fund Mubadala Investment Co is likely to invest up to $1 billion in Reliance Retail Ventures Ltd. (RRVL).
In the month, Mumbai based Reliance Retail has already secured $1.8 billion from KKR & Co and Silver Lake. Mubadala had previously invested $1.2 billion in Reliance Jio Infocomm.
Mubadala Investment is second largest state investor in Abu Dhabi after Abu Dhabi Investment Authority (ADIA), about $240 billion under control.
Japan’s SoftBank was also reported to acquire stake in Mukesh Ambani Reliance Industries Ltd.
TOPICS:
Reliance Retail Ventures