Reliance Industries : Abu Dhabi state fund Mubadala to invest $853 million in Reliance Retail

Abu Dhabi state fund Mubadala Investment Company will invest 62.48 billion rupees ($852.84 million) in Reliance Industries retail arm, giving the unit a pre-money equity value of 4.29 trillion rupees, the Indian conglomerate said on Thursday.

Mubadala's investment will translate into a 1.40% equity stake in Reliance Retail on a fully diluted basis. (https://bit.ly/2SfbwsV)

(Reporting by Philip George in Bengaluru; Editing by Arun Koyyur)