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October to December Current Affairs - 2020
Mubadala Investment, which is to acquire 1.4% stake in Reliance Retail, is based at which country?
A)
United Arab Emirates
B)
Kuwait
C)
United States
D)
United Kingdom

Correct Answer :   United Arab Emirates


Abu Dhabi-based sovereign wealth fund Mubadala Investment will invest Rs 6,247.5 crore to acquire a 1.4 per cent stake in Reliance Retail.
This is the fourth investor in Reliance Retail Ventures Ltd (RRVL) and the third such deal recently. Earlier, global private equity firm General Atlantic and Silver Lake bought 0.84 per cent stake and 2.13 per cent stake in the company respectively.

Published On : July 19, 2021
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