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ADIA may infuse $600 million in Mukesh Ambani's Reliance Retail

Livemint · 1y

The Abu Dhabi Investment Authority (ADIA) is reportedly considering investing $600 million in Reliance Retail, owned by Mukesh Ambani. ADIA has already invested in Reliance Retail Ventures, acquiring a 1.2% stake in 2020. This potential investment comes after Reliance Retail received significant investments from global firms such as KKR and Qatar Investment Authority earlier this year. Reliance Retail has been expanding its business through acquisitions and franchise rights, with a network of over 18,500 stores and digital platforms across various sectors.