Abu Dhabi's Mubadala to invest $853m in India's Reliance Retail

Abu Dhabi's Mubadala to invest $853m in India's Reliance Retail

Mukesh Ambani Photo: Reuters.

Abu Dhabi state fund Mubadala Investment Co has agreed to invest 62.48 billion rupees ($853 million) in the retail division of India’s Reliance Industries, the Indian conglomerate said in a statement.