General Atlantic to invest Rs 3,675 Crore in Reliance Retail

General Atlantic will invest Rs 3,675 Cr into Reliance Retail Ventures Limited – the retail arm of Mukesh Ambani led conglomerate – to acquire 0.84% equity stake in RRVL on a fully diluted basis. This investment values Reliance Retail at a pre-money equity value of Rs 4.285 L Cr. This marks the second investment by General Atlantic in a subsidiary of Reliance Retail, following a Rs 6,598.32 Cr investment in Jio Platforms announced earlier this year.

Click here to read the full story

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s