Home / Companies / News / PE firm KKR picks up 1.28% stake in Reliance Retail for Rs 5,550 crore

PE firm KKR picks up 1.28% stake in Reliance Retail for Rs 5,550 crore

Second PE deal in two weeks; valuation same at Rs 4.2 trillion

Premium

Along with Jio, retail contributes 35 per cent to RIL's consolidated EBITDA

3 min read Last Updated : Sep 24 2020 | 12:57 AM IST

Reliance Industries (RIL) on Wednesday said private equity (PE) firm KKR would invest Rs 5,550 crore in its subsidiary Reliance Retail for a 1.28 per cent stake, making it the second deal to be announced in a fortnight by the Mukesh Ambani-led company. Earlier, US-based PE firm Silver Lake had announced that it would invest Rs 7,500 crore in the retail firm for a 1.75 per cent stake.

Reliance Retail has so far raised Rs 13,050 crore in two rounds at the same vauation -- Rs 4.2 trillion. Sector analysts said they expected more, at least Rs 4.5 trillion in terms

Topics : Reliance Retail PE firms KKR

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in