00:00 It seems that these days the Gulf fund is favoured by the richest person of India and Asia, Mukesh Ambani.
00:07 Investment is coming from top Gulf funds in Ambani companies one after the other.
00:12 Recently, an investment from Qatar came and now another top fund of Gulf countries can invest in Ambani's company.
00:20 So, which venture of Reliance is going to get funds and who is going to do this investment, let's know.
00:26 According to media reports, this fund can come from Abu Dhabi Investment Authority, ADIA.
00:32 Authority's plan is to invest extra in Mukesh Ambani's retail venture Reliance Retail.
00:38 According to the news, this time Abu Dhabi Investment Authority is preparing to invest around $600 million, i.e. Rs. 5000 crores in Reliance Retail.
00:47 This deal can be on premium valuation.
00:50 This is not the first time that Abu Dhabi Investment Authority is investing in Ambani's retail company.
00:56 Abu Dhabi Investment Authority already has stakeholding in Reliance Retail Ventures Ltd.
01:02 Authority invested in Reliance Retail in October 2020.
01:06 At that time, Reliance Retail sold 10.09% of its shares and raised Rs. 47,265 crores.
01:14 Among the investors of the round of that funding, Saudi's PIF, Mubadala, Singapore's GIC, Silver Lake, TPG and GA were included.
01:25 When ADIA also invested around Rs. 5.5 billion in exchange of 1.2% shares.
01:32 Reliance Retail is not listed in the market at the moment.
01:36 The valuation of this private company is increasing continuously.
01:39 Many analysts have estimated the company's value from 100 to $155 billion.
01:44 Reliance Industries itself had an estimated valuation of $148 billion in July.
01:50 Ernest & Young had an estimated value of $93 billion and BDO Valuation Advisory had an estimated value of $97 billion.
01:57 In the May analysis of the analyst of Alliance Bernstein, the value was estimated at $131 billion.
02:03 Reliance Retail has already received an investment of $1 billion in the new funding round.
02:09 Before that, KKR had invested around Rs. 2 billion in a valuation of $100 billion.
02:15 According to the valuation, Mukesh Ambani's company is now not only in the country but also in the world.
02:21 It has also become one of the top retail companies.
02:24 Reliance Retail is the 12th largest retail company in the world if its valuation is set at $100 billion.
02:31 According to Bloomberg data, Amazon, LVMH, Walmart, Home Depot and Alibaba Market Cap are the top 5 largest retailers.
02:41 Although Reliance Industries Chairman Mukesh Ambani has not given any statistics publicly,
02:46 but he told shareholders during the recent AGM that many major investors have shown interest in Reliance Retail.
02:53 However, a media report shows that Reliance is planning to raise funds from $1.5 billion to $4 billion.
03:01 Many people are seeing this as a practice of valuation benchmark setting before the last listing.
03:07 Reliance Retail is managed by Isha Ambani and the company is continuously expanding.
03:13 The company has joined hands with many foreign companies under expansion policy.
03:17 Reliance Retail has acquired and dealt with many companies to strengthen its hold in the market.
03:23 Reliance Retail is one of the largest retail chains in the country.
03:27 The company is active in the retail sector of electronic grocery, fashion and pharma, etc.
03:32 Reliance Retail operates India's largest and fastest growing retail business through its subsidiaries and partners.
03:40 The company provides services to 267 million customers in the grocery, consumer electronics, fashion and lifestyle,
03:47 with more than 18,500 store and digital commercial platforms integrated omnichannel network.
03:55 This time, the company has received an investment from Abu Dhabi, before that, it has received an investment from Qatar and KKR.
04:03 That is, in just a few days, the company has received three major investments.
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04:19 (upbeat music)
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