Mukesh Ambani's Reliance Retail sells 1.28% stake to KKR for Rs 5,550 crore
KKR invests in Reliance Retail: The deal marks second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in Jio Platforms announced earlier this year
- Sep 23, 2020,
- Updated Sep 23, 2020 12:22 PM IST
Reliance Industries Ltd announced today that global investment firm KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures Ltd (RRVL). This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. KKR's investment will translate into a 1.28 per cent equity stake in RRVL on a fully diluted basis. The investment firm plans to make investment from its Asia private equity funds, an RIL statement said.
Notably, the KKR investment comes days after tech investor Silver Lake announced an investment of Rs 7,500 crore in Reliance Retail for a 1.75 per cent equity stake on a fully diluted basis on September 9. This also marks second investment by KKR in an RIL subsidiary in 2020 -- KKR pumped in Rs 11,367 crore in RIL subsidiary Jio Platforms Ltd earlier this year.
Reliance Industries Ltd announced today that global investment firm KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures Ltd (RRVL). This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. KKR's investment will translate into a 1.28 per cent equity stake in RRVL on a fully diluted basis. The investment firm plans to make investment from its Asia private equity funds, an RIL statement said.
Notably, the KKR investment comes days after tech investor Silver Lake announced an investment of Rs 7,500 crore in Reliance Retail for a 1.75 per cent equity stake on a fully diluted basis on September 9. This also marks second investment by KKR in an RIL subsidiary in 2020 -- KKR pumped in Rs 11,367 crore in RIL subsidiary Jio Platforms Ltd earlier this year.