Hedge Funds & Alternative Investments
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Abu Dhabi Investment Authority to invest over $750mln in Reliance Retail
Abu Dhabi Investment Authority (ADIA) will invest 55.13 billion rupees ($751.13 million) in Reliance Industries' retail arm, giving the unit a pre-money equity value of 4.29 trillion rupees, the Indian conglomerate said on Tuesday. ADIA's investment will translate into a 1.20% equity stake in Reliance Retail on a fully diluted…
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