You are here: Home » News-CM » Companies » News
Business Standard

Reliance Retail Ventures concludes fund raise of Rs 47,265 cr for 10.09% stake

Capital Market 

Reliance Industries and Reliance Retail Ventures (RRVL) have completed the current phase of partner induction and fund raise exercise for RRVL.

RRVL has received cumulative subscription amount of Rs 47,265 crore from the following financial partners and allotted 69,27,81,234 equity shares to them.

The respective equity stake in RRVL, on a fully diluted basis, is also provided in the following table:

1 Silver Lake Partners (Rs 7,500 crore) - 1.60% 2 Silver Lake Partners - CoInvestors (Rs 1,875 crore) - 0.40% 3 KKR (Rs 5,550 crore) - 1.19% 4 Mubadala (Rs 6,247.50 crore) - 1.33% 5 ADIA (Rs 5,512.50 crore) - 1.18% 6 GIC (Rs 5,512.50 crore) - 1.18% 7 TPG (Rs 1,837.50 crore) - 0.39% 8 General Atlantic (Rs 3,675 crore) - 0.78% 9 PIF (Rs 9,555 crore) - 2.04% Total (Rs 47,265 crore) - 10.09%

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 19 2020. 19:11 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU