MoneyWorks4Me

Reliance Industries’ arm receives subscription amount from Mubadala, ADIA

16 Oct 2020 Evaluate

Reliance Industries’ subsidiary company -- Reliance Retail Ventures has received the subscription amount from Mubadala & ADIA and allotted equity shares. MIC Redwood 1 RSC (Mubadala) subscribed to 91,572,004 equity shares for an amount of Rs 6247.50 crore.

Platinum Owl C 2018 RSC (acting in its capacity as trustee of 'Platinum Jasmine A 2018 Trust') (ADIA) has subscribed to 80,798,827 equity shares aggregating to Rs 5512.50 crore.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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