Reliance retail arm allots minority to QIA, Mubadala

Abu Dhabi’s Mubadala Investment Company and Qatar Investment Authority (QIA) are among 13 global investors taking a collective 16.45% minority stake in Reliance Consumer Products (RCPL), following its demerger from Reliance Retail Ventures to become a direct subsidiary of Reliance Industries (RIL), Economic Times reports.

The details: Mubadala, QIA, and 11 other investors, including KKR, TPG, GIC, and Silver Lake, will collectively own 16.45% of RCPL, while RIL will retain the controlling stake.

This allocation to QIA and Mubadala in the standalone FMCG arm deepens Gulf Sovereign Wealth Funds' exposure within the Reliance group, providing a strategic inroad into the conglomerate’s rapidly expanding retail business.

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