Monday, June 16, 2025 | 12:08 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

KKR to invest Rs 5,550 cr in Reliance Retail Ventures

Image

Capital Market
Reliance Industries and Reliance Retail Ventures announced today that global investment firm KKR will invest Rs 5,550 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. KKR's investment will translate into a 1.28% equity stake in RRVL on a fully diluted basis.

This marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in Jio Platforms announced earlier this year.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 23 2020 | 8:56 AM IST

Explore News