Reliance Retail Ventures Limited (RRVL) is set to receive an investment of Rs 2,069.50 crore from global investment firm KKR through an associate, the company said in a media release.
Budget
RELIANCE RETAIL VENTURES Limited (“RRVL”) announced that global investment firm KKR, will invest Rs 2,069.50 crore into RRVL, a subsidiary of Reliance Industries Limited, through an affiliate. This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore. This will bring the company among the top four companies by equity value in the country. KKR’s follow-on investment will translate into an additional equity stake of 0.25 per cent in RRVL on a fully-diluted basis. This, combined with its stake from its investment of Rs 5,550 crore in RRVL in 2020, will take its total equity stake in RRVL to 1.42 per cent on a fully-diluted basis.
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