https://theamberpost.com/feed/tag/millennials2024-01-22T14:48:43+00:00https://theamberpost.com/192773
Private equity major kkrca to invest Rs 5,550 cr in Reliance Retail for 1.28% stake
American buyout firm kkrca & Co will invest Rs 5,550 crore in Reliance Retail Ventures for a 1.28 percent stake, the second deal stitched up by the retail unit of Reliance Industries Ltd (RIL) within a month.
Reliance Retail Venture's subsidiary Reliance Retail operates India's largest retail business serving close to 640 million footfalls across its 12,000-odd
stores nationwide in 7000 cities.
The investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore, RIL said in an exchange filing on September 23.
Oil-to-telecom conglomerate RIL is expanding its retail business and lining up a posse of global investors to take on rivals such as Amazon India and Walmart-owned Flipkart in India’s huge market.
The latest investment by kkrca, which has a long history of building leading global enterprises, is viewed as an endorsement of Reliance Retail's abil...]]>
2024-01-22T14:48:43+00:00https://theamberpost.com/163812022-09-08T11:05:40+00:00