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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