The investment is further endorsement of reliance retail’s inclusive and transformational new commerce business model.
Mumbai, October 6 2020 : reliance industry announced today that ADIA[abu dhabi investment authority] to be invest rs.5,512 crore into reliance retail ventures limited.
On fully diluted basis ADIA’s investment will be translated into a 1.20% equity stake in RRVL.
This investment has raised 37,710 crore from leading global investors including silver lake , KKR, general atlantic , mubadala, GIC, TPG and ADIA in less than a month.
Serving close to 640 millions footfalls across its – 12,000 stores nationwide, reliance retail limited, a subsidiary of RRVL, operating india’s largest, fastest growing and most profitable retail business , reliance retail is seeing forward to motivates the Indian retail sector through an unique strategy serving millions of consumers by empowering millions of farmers and micro, small and medium enterprises and further working with global and domestic companies as preferred partners, followed by motive of providing immense employment for millions of Indians. From its new commerce strategy , reliance retail has started transformational digitalization of small and unrecognized merchants and on way its way to expanding this network over 20 million of these merchants. This will pull these merchants into a digital world and and a efficient chain infrastructure to deliver a accurate value proposition to their own customers.
MUKESH AMBANI, CHAIRMAN AND MANAGING DIRECTOR OF RELIANCE INDUSTRY, said “ We are delighted with ADIA’s current investment and continued support and hope to benefit from its strong track record of over four decades of value creation globally. The investment by ADIA is further endorsement of reliance retail’s performance and potential and the inclusive and transformational new commerce business model that is rolling out.
HAMAD SHAHWAN ALDHAHERI, EXECUTIVE DIRECTOR OF THE PRIVATE EQUITIES DEPARTMENT AT ADIA, said, “ Reliance retail has rapidly established itself as one of the leading retail business of india and, by leveraging both its physical and digital supply chains, is strongly positioned for further growth. This investment is consistent with out strategy of investing in market leading business in asia linked to the region’s consumption-driven growth and rapid technological advancement.
About Reliance Industries Limited (RIL)
RIL is India’s largest private sector company, with a consolidated turnover of ₹ 659,205 crore ($87.1 billion), cash profit of ₹ 71,446 crore ($9.4 billion), and net profit of ₹ 39,880 crore ($5.3 billion) for the year ended March 31, 2020.
RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. RIL is the top-most ranked company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Companies’ – currently ranking 96th. The company stands 71st in the ‘Forbes Global 2000’ rankings for 2019 – top
most among Indian companies. It ranks 10th among LinkedIn’s ‘The Best Companies to Work For In India’ (2019).
About Reliance Retail Ventures Limited
Reliance Retail Ventures Limited is a subsidiary of Reliance Industries Limited, and holding company of all the retail companies under the RIL Group. RRVL reported a consolidated turnover of ₹ 162,936 crore ($ 21.7 billion) and net profit of ₹ 5,448 crore ($ 726.4 million) for the year ended March 31, 2020.
Reliance Retail topped the list of ‘50 fastest-growing retailers globally between FY2013-2018’ in the Deloitte’s Global Powers of Retailing 2020 index. Reliance Retail secured the 56th spot this year against the 94th rank the previous year and is the only Indian company to be featured in this list.
About ADIA
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 long-term value creation.
ADIA has invested in private equity since 1989 and has built a significant internal team of specialists with experience across asset products, geographies and sectors. Through its extensive relationships across the industry, the Private Equities Department invests in private equity and credit products globally, often alongside external partners, and through externally managed primary and secondary funds. Its philosophy is to build long-term, collaborative relationships with its partners and company management teams to maximise value and support the implementation of agreed strategies. For more information: https://www.adia.ae
