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After Jio Platforms, KKR & Co To Invest Rs 5,500 Crore In Mukesh Ambani Led Reliance Retail For 1.28 Per Cent Stake
Reliance Retail (Pic Via Wikimedia)
After drawing in investments from United States (US) based global private equity major Silver Lake Partners, Mukesh Ambani's retail venture Reliance Retail has now drawn in another US-based investor KKR & Co to invest Rs 5,500 crore for 1.28 per cent stake, reports Moneycontrol.
The deal values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore.
This marks the second deal secured by Reliance Industries Limited (RIL)'s wholly-owned retail subsidiary
While KKR & Co will be investing in reliance retail for a 1.28 per cent stake, Silver Lake Partners had earlier invested Rs 7,500 crore for a 1.75 per cent stake in the Reliance Retail.
Both these investors have also invested in Jio Platforms. In Jio Platforms, KKR & Co had invested a sum of Rs 11,367 crore.
Reliance Retail was founded in 2006, and it has since evolved into not only the nation's largest and fastest-growing but also the most profitable retail business. It operates in over 7,000 towns and had in May also launched it's e-commerce store JioMart.
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