Reliance Retail Ventures Limited (“RRVL”) has announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will invest ₹4,966.80 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of ₹8.381 lakh crore, making it one of the top four companies in India by equity value. ADIA’s investment will result in an equity stake of 0.59% in RRVL on a fully diluted basis.
RRVL operates India’s largest, fastest-growing, and most profitable retail business, serving 267 million loyal customers through an integrated omnichannel network of over 18,500 stores and digital commerce platforms across various consumer categories.
RRVL’s vision is to revolutionize the Indian retail sector through an inclusive approach, empowering micro, small, and medium enterprises (MSMEs) and collaborating with global and domestic companies. The company’s New Commerce business has digitized over 3 million small and unorganized merchants, enabling them to provide a superior value proposition to their customers.
Ms. Isha Mukesh Ambani, Executive Director of RRVL, expressed her pleasure at the continued support of ADIA and their belief in RRVL’s business fundamentals, strategy, and execution capabilities.
Mr. Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA, highlighted RRVL’s strong growth and adaptability in a rapidly evolving market, aligning with ADIA’s strategy of supporting portfolio companies in transforming their respective industries.
The transaction is subject to customary approvals, with Morgan Stanley acting as the financial advisor to RRVL, and Cyril Amarchand Mangaldas and Davis Polk & Wardwell serving as legal counsels.
About Reliance Industries Limited (RIL)
Reliance Industries Limited, India’s largest private sector company, ranks 88th in Fortune’s Global 500 list and 45th in Forbes Global 2000 rankings for its diverse business interests.
About Reliance Retail Ventures Limited (RRVL)
RRVL, a leading omni-channel retailer, boasts an extensive network of over 18,500 stores and digital commerce platforms, partnering with 3 million merchants and generating a consolidated turnover of ₹260,364 crore.
About ADIA
Established in 1976, the Abu Dhabi Investment Authority (ADIA) is a globally diversified investment institution focused on long-term value creation. With a team of specialists across asset products, geographies, and sectors, ADIA invests in private equity and credit products globally, aiming to build collaborative relationships with partners.
