KKR to Invest Rs. 5,500 Cr in Reliance Retail

September 23, 2020October 17, 2020 CableCom2016 819 Views Investment, KKR, Reliance Retail

Reliance Retail Ventures Limited (RRVL), which is a wholly-owned subsidiary of Mukesh Ambani’s Reliance Industries Limited, announced that global investment firm KKR will invest Rs. 5,500 Cr in RRVL.

The transaction will translate into a 1.28% equity stake in RRVL. As per Reliance Industries Limited press release dated 23rd September 2020 ‘This investment values Reliance Retail at a pre-money equity value of ₹ 4.21 lakh crore’.

This is the second investment made by KKR in Reliance Industries subsidiary. Earlier it had invested ₹ 11,367 Cr investment in Jio Platforms.

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