In October 2023, ADIA invested $600mn in Reliance Retail, following investments of $250mn by KKR & Co and $1.0bn by Qatar Investment Authority. Reliance Retail has over 18,000 stores and digital platforms in multiple retail categories.
The Latest: In October 2023, the Abu Dhabi Investment Authority (ADIA) announced an investment of USD600mn into India’s largest retail conglomerate Reliance Retail. This follows the announcement of a USD250mn and USD1.0bn investments by the US-based investment firm KKR & Co and the Qatar Investment Authority respectively. Reliance Retail has more than 18,000 stores and digital commerce platforms under its belt, across various retail categories such as mass grocery retail, consumer electronics, fashion and household goods.