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

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