This investment by ADIA will translate into an equity stake of 0.59 per cent in the company on a fully-diluted basis. ADIA had also participated in the retailer's 2020 round of fundraise and had then picked up 1.18 per cent stake for ₹5,512.50 crore. Reliance Retail Ventures also raised funds from Qatar Investment Authority and KKR recently. Morgan Stanley acted as financial advisor to Reliance Retail Ventures and Cyril Amarchand Mangaldas and Davis Polk & Wardwell were the legal counsels.
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A SWEET DEAL
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Adopt online banking, reduce branch visits to minimise vulnerability
At the recently held State Bank of India Economist Conclave, Finance Minister Nirmala Sitharaman highlighted that while bancassurance has improved insurance penetration, it has also led to mis-selling.
Zomato shares zoom on Sensex inclusion
Shares of Zomato rallied as much as 7.6 percent on Monday, buoyed by the stock's entry into the benchmark Sensex.
RIL shares rise on Citi's 'buy' call
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Godrej Properties to gain from strong land portfolio, demand outlook
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Rupee appreciates 0.2% to 84.29 against dollar
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Edelweiss Financial explores minority stake sale in MF unit
May value the business at $700-$800 million
Sensex reclaims 80,000 mark
Maha poll results, MSCI buying underscore gains
Politics, culture and performance
\"All the world's a stage, and all the men and women merely players.\" If we start looking at ourselves as characters who perform, and observe where the stage is, a lot more can start to make sense.
