Question : Reliance Industries (RIL) and Reliance Retail Ventures (RRVL) recently announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest into RRVL, a subsidiary of RIL.What is the investment amount ?
(a) Rs 5,512.50 crore
(b) Rs 4,512.50 crore
(c) Rs 3,512.50 crore
(d) Rs 2,512.50 crore
Answer (a)
Related facts
- Reliance Industries (RIL) and Reliance Retail Ventures (RRVL) announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore into RRVL, a subsidiary of RIL.
- The announcement was made after market hours yesterday, 6 October 2020. Shares of RIL shed 0.05% to settle at Rs 2,210.15 yesterday.
- This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore.
- ADIA’s investment will translate into a 1.20% equity stake in RRVL on a fully diluted basis.
- With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks.
- Established in 1976, ADIA is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on longterm value creation.
By — Pankaj Pandey.