Abu Dhabi’s Mubadala in advanced talks to invest $1B in Reliance Retail

Abu Dhabi state fund Mubadala Investment Co is in advanced talks to invest up to $1B in the Reliance Retail. Reliance Retail is on a fundraising spree and has secured around $1.8B in the past few weeks from KKR & Co and Silver Lake Partners. The firm today announced a $498.31M investment from General Atlantic. Sources say that Mubadala’s investment could be anywhere between $500M and $1B. Mubadala earlier invested around $1.2B in Jio Platform.

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