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.
This story is from the October 07, 2023 edition of Business Standard.
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This story is from the October 07, 2023 edition of Business Standard.
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A SWEET DEAL
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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.
