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.