Reliance Retail Ventures Ltd receives investment from Mubadala & ADIA

Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Ltd, today received the subscription amounts from Mubadala & ADIA and allotted equity shares to them in Reliance Retail Ventures Limited.

MIC Redwood 1 RSC Limited (Mubadala) subscribed to 91,572,004 equity shares for an amount of Rs. 6247.50 crore.

Platinum Owl C 2018 RSC Limited (acting in its capacity as trustee of 'Platinum Jasmine A 2018 Trust') (ADIA) has subscribed to 80,798,827 equity shares aggregating to Rs. 5512.50 crore.

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.2205.55 as compared to the previous close of Rs. 2287.35. The total number of shares traded during the day was 1514858 in over 18662 trades.

The stock hit an intraday high of Rs. 2291.7 and intraday low of 2195.1. The net turnover during the day was Rs. 3441215460.

Source : Equity Bulls

Keywords