Reliance Industries Ltd.

Mubadala Investment Company is planning to invest Rs 6,247.5 crore into Reliance Industries’ (RIL) subsidiary -- Reliance Retail Ventures (RRVL). The investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. Mubadala’s investment will translate into a 1.40% equity stake in RRVL on a fully diluted basis.

This marks the second significant investment by Mubadala in a Reliance Industries subsidiary after the $1.2 billion investment in Jio Platforms announced earlier this year.

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.