Abu Dhabi's Mubadala in talks to invest up to $1 bn in Reliance Retail: Report

Abu Dhabi state fund Mubadala Investment is in advanced talks to invest up to $1 billion in Reliance Retail, the retail division of Reliance Industries Ltd, Reuters reported on Tuesday. Reliance Retail secured around $1.8 billion in the past few weeks from KKR & Co and Silver Lake Partners. In June, Mubadala invested around $1.2 billion in Jio Platforms.