The fresh investment values RRVL at a pre-money equity value of ₹8.38 trillion, making it among India's top four most valuable companies.
The investment by ADIA will translate into an equity stake of 0.59% in RRVL on a fully diluted basis, the company said in a statement late on Friday. In 2020, ADIA, via a wholly owned subsidiary, promised to invest ₹5,512.50 crore in RRVL.
ADIA's investment follows Qatar Investment Authority's (QIA's) ₹8,278 crore investment into RRVL in August.
Between 2020 and 2021, the company has raised a total of ₹47,265 crore from nine global investors, including sovereign wealth fund Mubadala Investment Co., private equity firm General Atlantic, Silver Lake Partners, TPG Capital, Public Investment Fund, GIC, investment firm KKR, ADIA, and SLP Co-investors at a pre-money equity value of ₹4.21 trillion.
Together, the above investors, including the one announced on Friday, now hold a 12.88% stake in the company.
Bu hikaye Mint Mumbai dergisinin October 07, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin October 07, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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