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The cheques keep coming for Reliance Retail: $750 million from ADIA now

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Like many companies that had invested in Jio Platforms recently, it is double whammy for Abu Dhabi Investment Authority (ADIA), too. ADIA had put in Rs 5,512.50 crore (around $750 million) in Jio Platforms, and it has come back again to invest the same amount in Reliance Retail, the eponymous retail arm of Reliance Industries.

ADIA’s investment will translate into a 1.20% equity stake in Reliance Retail on a fully  diluted basis.

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