Reliance Industries Limited (RIL) said on Thursday that it had received Rs 5,550 crore from global investment firm KKR for investment in its retail arm. Earlier on September 23, RIL announced that KKR would be its subsidiary Reliance Retail Ventures Ltd ( RRVL) to buy a 1.28 percent equity stake.

The company told the stock market that Reliance Retail Ventures Ltd has received Rs 5,550 crore from Elysium Asia Holdings (a unit of KKR) and has instead allocated 81,348,479 equity shares to KKR. KKR’s second investment in a subsidiary of Reliance Industries. Earlier this year, it had invested Rs 11,367 crore in the Jio platform.

Who invested how much

companyInvestment in crores of rupeesShare percentage
General atlantic3,6740.84
silver Lake9,3752.13

Earlier, RIL had said that the value of Reliance Retail under this investment was estimated at Rs 4.21 lakh crore. Reliance Retail, a subsidiary of RRVL, operates India’s largest and fastest growing retail business and has 64 crore people in its 12,000 stores across the country.

Let us know that Reliance Retail also has the most profitable retail business in the country. The company wants to develop a system of retail global and domestic companies, small industries, retail traders and farmers to serve consumers at affordable prices and generate millions of jobs. Reliance Retail has started digitizing small and unorganized merchants as part of its new commerce strategy. 

The company aims to connect two crore merchants to this network. The network will enable merchants to deliver better value to customers with better technology. RRVL recently acquired the Future Group for over three decades in the country’s retail business for Rs 24713 crore.


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