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October 7, 2020

ADIA subsidiary to invest $750m into RIL’s RRVL    

A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) has decided to invest ₹55.1bn ($750m) into Reliance Industries Limited’s (RIL) Reliance Retail Ventures Limited (RRVL).  

wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) has decided to invest ₹55.1bn ($750m) into Reliance Industries Limited’s (RIL) Reliance Retail Ventures Limited (RRVL). 

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
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  • Assess and showcase the growth potential for various Industries in the target economy
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ADIA will own a 1.2% equity stake in RRVL on a fully diluted basis with this investment. 

In less than four weeks, RRVL has raised ₹377.1bn ($5.1bn) rupees from various global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA. 

Reliance Industries chairman and managing director Mukesh Ambani said: “We are delighted with ADIA’s current investment and continued support and hope to benefit from its strong track record of over four decades of value creation globally.

“The investment by ADIA is a further endorsement of Reliance Retail’s performance and potential and the inclusive and transformational New Commerce business model that it is rolling out.” 

For ADIA, the investment is in line with the company’s strategy to invest in market-leading businesses in Asia. 

RRVL subsidiary Reliance Retail runs nearly 12,000 stores in India with 640 million footfalls. 

It operates supermarkets, consumer electronics chain, wholesale cash-and-carry stores and fast-fashion outlets. 

In May, RIL launched its online grocery platform JioMart across 200 cities. 

The completion of the deal is subject to regulatory and other customary approvals. 

Investment bank and financial services company Morgan Stanley serves as financial advisor to Reliance Retail. 

Free Report
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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.