|
New Delhi, Sep 23: 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 a Rs 11,367 crore investment in Jio Platforms announced earlier this year,” Reliance Industries said in a statement.
Silver Lake picks 1.75 per cent stake in Reliance Retail for Rs 7,500 cr
Reliance Retail, a subsidiary…
