WASHINGTON (dpa-AFX) - Global investment firm KKR said that it will invest 5,550 crore Indian rupees into Reliance Retail Ventures Limited, a subsidiary of Reliance Industries. The investment values Reliance Retail at a pre-money equity value of 4.21 lakh crore rupees.
KKR's investment represents a 1.28% equity stake in Reliance Retail Ventures on a fully diluted basis.
It marks the second investment by KKR in a subsidiary of Reliance Industries, following a 11,367 crore rupees investment in Jio Platforms announced earlier this year.
Copyright RTT News/dpa-AFX
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