By Staff writer
Abu Dhabi Investment Authority reportedly in final talks with Indian consultancy Red Oak Retail
UAE sovereign fund Abu Dhabi Investment Authority (Adia) is in final talks with Red Oak Retail, an Indian retail consultancy, to build malls in India, according to a news report.
“Unlike Blackstone and [Singapore sovereign fund] GIC, which invest in ready malls, Adia is looking at building malls with Ashwin Puri (CEO of Red Oak),” Business Standard, India’s business daily, reported an unnamed source as saying.
The investment amount is unknown, the newspaper said, adding an Adia spokesperson declined to comment on market rumours.