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Abu Dhabi Investment Authority to invest over $750 mln in Reliance Retail

BENGALURU, Oct 6 (Reuters) - 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 basis. (bit.ly/3iBLR8k) ($1 = 73.3960 Indian rupees) (Reporting by Anuron Kumar Mitra in Bengaluru; Editing by Maju Samuel)

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