Reliance Industries subsidiaries Jio Platforms and Reliance Retail seem to be following the same scenario: getting big investors to drive growth. Jio Platforms had 13 investors investing €20.6 billion (Rs 1.52 lakh crore) investing in it. Of the 13, four have also invested in Reliance Retail. Silver Lake, General Atlantic, and KKR had all invested in Reliance Industries' retail business. And now, as predicted in our report here, Mubadala has become the fourth investor in Reliance Retail. Abu Dhabi-based sovereign investor Mubadala Investment Company (Mubadala) will invest Rs 6.247,5 crore ($852,84 million) in Reliance Retail. The investment values Reliance Retail at an equity before money value of Rs 4.285 lakh crore. Mubadala's investment will result in a 1,40% stake in Reliance Retail on a fully diluted basis. Mubadala previously contributed a €1.2 billion investment in Jio platforms. Reliance Retail, through its New Trade strategy, has begun the digitization of small, unorganized retailers and is committed to expanding the network to more than 20 million of these retailers. This will allow merchants to use technological tools and an efficient supply chain infrastructure to offer a superior value proposition to their customers.
Reliance Retail has raised Rs 24.847,5 crore so far
The 13 investors who had invested huge sums of money in Jio Platforms had the opportunity to explore the possibility of investing in the retail unit. Reliance Retail has since September raised Rs 24.847,5 crore by selling 5,65% stake. Mukesh Ambani, Chairman and CEO of Reliance Industries, said in a statement: “We appreciate partnering with a knowledge-rich organization like Mubadala and acknowledge their confidence in our mission to strengthen the heart of the retail industry in India. - the millions of small retailers. , merchants and merchants, through the power of technology. Mubadala's investment and guidance will be an invaluable support on this journey. Khaldoon Al Mubarak, Group Managing Director and CEO of Mubadala Investment Company, said: “We are pleased to deepen our relationship with Reliance Industries through this investment in Reliance Retail Ventures. Their vision is the inclusive transformation of India's consumer economy through the power of digitization, creating opportunities and market access for millions of small businesses across the country, and we are committed to supporting the continued development of the business. "As a reminder, addressing shareholders at the Reliance Industries 43rd Annual General Meeting recently, Mukesh Ambani said that “Reliance Retail has garnered great interest from strategic and financial investors.” Ambani explained his intention to add new categories such as electronics. , fashion, pharmacy and health in its omnichannel business, JioMart Jio Mart is positioned to take on the Walmart-backed Flipkart and the other corporate juggernaut Amazon.