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Abu Dhabi state fund Mubadala to invest $853 mln in Reliance Retail

BENGALURU, Oct 1 (Reuters) - Abu Dhabi state fund Mubadala Investment Company will invest 62.48 billion rupees ($852.84 million) in Reliance Industries retail arm, giving the unit a pre-money equity value of 4.29 trillion rupees, the Indian conglomerate said on Thursday.

Mubadala's investment will translate into a 1.40% equity stake in Reliance Retail on a fully diluted basis. (bit.ly/2SfbwsV) ($1 = 73.2610 Indian rupees) (Reporting by Philip George in Bengaluru; Editing by Arun Koyyur)

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