Abu Dhabi-based sovereign wealth fund Mubadala has picked up 1.4 % stake in Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries Limited, for ₹6,247.5 crore..The investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore.This marks the second significant investment by Mubadala in a Reliance Industries subsidiary after the US $1.2 billion investment in Jio Platforms announced earlier this year..Sixer: AZB, NDA, Davis Polk, Skadden lead as Mubadala invests Rs 9,094 crore in Jio Platforms; 92,902 crores raised for 19.99% in 45 days.Cyril Amarchand Mangaldas and Davis Polk & Wardwell acted for Reliance Retail.The CAM team was led by Partners L Viswanathan, Nivedita Rao, Shishir Vayttaden and K Aishwarya..Nishith Desai Associates advised Mubadala and the team was led by Delhi Office Head and Partner Pratibha Jain, Leader Parag Srivastava along with team member Atikant Kaur.Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates with a team of Senior Partner Jonathan Stone and Partner Rajeev Duggal, Counsel Parveet Gandoak and Associate In Ho Kim acted as foreign counsel to Mubadala..Earlier, Silver Lake has invested ₹ 7,500 crore and KKR has invested ₹5,550 crore into Reliance Retail..CAM, SAM, Davis Polk, Simpson Thacher lead on Reliance Retail sale of 1.28% equity stake for ₹5,550 crore to KKR
Abu Dhabi-based sovereign wealth fund Mubadala has picked up 1.4 % stake in Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries Limited, for ₹6,247.5 crore..The investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore.This marks the second significant investment by Mubadala in a Reliance Industries subsidiary after the US $1.2 billion investment in Jio Platforms announced earlier this year..Sixer: AZB, NDA, Davis Polk, Skadden lead as Mubadala invests Rs 9,094 crore in Jio Platforms; 92,902 crores raised for 19.99% in 45 days.Cyril Amarchand Mangaldas and Davis Polk & Wardwell acted for Reliance Retail.The CAM team was led by Partners L Viswanathan, Nivedita Rao, Shishir Vayttaden and K Aishwarya..Nishith Desai Associates advised Mubadala and the team was led by Delhi Office Head and Partner Pratibha Jain, Leader Parag Srivastava along with team member Atikant Kaur.Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates with a team of Senior Partner Jonathan Stone and Partner Rajeev Duggal, Counsel Parveet Gandoak and Associate In Ho Kim acted as foreign counsel to Mubadala..Earlier, Silver Lake has invested ₹ 7,500 crore and KKR has invested ₹5,550 crore into Reliance Retail..CAM, SAM, Davis Polk, Simpson Thacher lead on Reliance Retail sale of 1.28% equity stake for ₹5,550 crore to KKR
