More deals in Reliance Retail will provide incremental capital for growth: Prabhudas Lilladher

Reliance Retail, the retail arm of Reliance Industries, continues to witness strong interest from leading global investors. Abu Dhabi Investment Authority (ADIA)  is the latest among marquee investors to have picked up a stake in it, this being the eighth deal in Reliance Retail in just about a month.

More money coming in doesn’t add anything incremental to the sum-of-the-part valuation of the company. It is only providing the incremental capital for the company to invest and pursue growth opportunities, said Amnish Aggarwal, Head of Research, Prabhudas Lilladher in an interview with CNBC-TV18.