Among the well-known giants, Reliance Industry's retail business has been flooded with investment. In the last few days, many big companies have announced the investment at the global level. Some companies have also handed over the investment amount to Reliance Industry. Under this, global investment firm KKR has also given Rs. 5,550 crores. Reliance Industries told the stock market that Reliance Retail Ventures Ltd. has received Rs. 5,550 crore from Elysium Asia Holdings (one unit of KKR) and instead 81,348,479 equity shares have been allotted to KKR.
It is KKR's second investment in a subsidiary of Reliance Industry. Earlier, it had made an investment of Rs. 11,367 crore in Jio platform this year. Reliance Industries announced on September 23 that KKR was 1 in its subsidiary Reliance Retail Ventures Limited (RRVL). it will invest 28% equity partnership to purchase.
In the last few days, Reliance Industry has lined up for investment in the retail business. Reliance Retail has so far mobilized a total of Rs. 37,710 crore. The investment includes Silver Lake, KKR, General Atlantic, GIC and TPG companies. Reliance Retail operates 12,000 stores across India. Mukesh Ambani's thrust is on retail business after raising funds for Jio platforms. In addition to KKRR, the veteran tech investor company Silver Lake also announced an investment of Rs 7500 crore in Reliance Retail. Recently, it announced an additional investment of Rs. 1,875 crore in Reliance Retail. Thus, Silver Lake will invest a total of Rs. 9,375 crore in Reliance Retail and instead 2. 13% participation will be received.
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