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Home Business KKR to buy 1.28% stake and invest Rs.5,550 Cr in Reliance Retail

KKR to buy 1.28% stake and invest Rs.5,550 Cr in Reliance Retail

Global investment firm KKR (Kohlberg Kravis Roberts) will be investing Rs.5,550 Cr. in Reliance Retail Ventures Ltd (RRVL). According to the press release of Reliance Retail, KKR will invest in their firm a pre-money equity value of Rs 4.21 lakh crore. Along with this, KKR will also buy 1.28 % equity stake from Reliance on a fully diluted basis. Earlier, the company had invested Rs.11,367 crore in Reliance’s digital venture, Jio Platforms.

Read More – ANI News | India TV | NDTV | Money Control | Times Now

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Shrutika Kasar
Shrutika Pradeep Kasar Journalist Writer music lover

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