7 October, 2020
Skadden advised Abu Dhabi-based sovereign investor Mubadala Investment Co. in its 62.47 billion rupees (US$ 844 million) investment in Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries Limited, India's largest private sector company. Reliance Retail operates 11,784 stores throughout India, across consumer electronics, groceries, and fashion & lifestyle. Mubadala’s investment will translate into a 1.4 % equity stake in RRVL on a fully diluted basis.
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder, the Government of Abu Dhabi. This marks the second significant investment by Mubadala in a Reliance Industries subsidiary after the US $1.2 billion investment in Jio Platforms announced earlier this year, on which Skadden also advised.
The Skadden team was led by partners Jonathan Stone (Hong Kong), Rajeev Duggal (Singapore) and Nathan Giesselman (Palo Alto), with Counsel Parveet Gandoak (Singapore) and associate In Ho Kim (Singapore).
