KKR to invest Rs 5,550 crore in Reliance Retail Ventures to pick 1.28 pc equity stake
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Reliance Industries on Wednesday said global investment firm KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures Ltd (RRVL) to pick 1.28 per cent equity stake. "This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. This marks the second investment by KKR in a subsidiary of Reliance Industries, following an Rs 11,367 crore investment in Jio Platforms announced earlier this year," Reliance Industries said in a statement.
Reliance Industries on Wednesday said global investment firm KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures Ltd (RRVL) to pick 1.28 per cent equity stake. "This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. This marks the second investment by KKR in a subsidiary of Reliance Industries, following an Rs 11,367 crore investment in Jio Platforms announced earlier this year," Reliance Industries said in a statement.
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