There is a glut of investment in the retail business of Reliance Industries. In the last few days, many big companies have announced investment globally. Some companies have even handed over the investment amount to Reliance Industries. Under this, the global investment firm KKR has also given Rs 5,550 crore. Reliance Industries told the stock market that Reliance Retail Ventures Ltd has received Rs 5,550 crore from Elysium Asia Holdings (a unit of KKR) and in return KKR has been allotted 81,348,479 equity shares.
Second investment in a subsidiary
KKR has another investment in a subsidiary of Reliance Industries. Earlier this year, he invested Rs 11,367 crore in the Jio platform. Let us tell you that on 23 September Reliance Industries announced that KKR will invest 1.28 percent equity stake in its subsidiary Reliance Retail Ventures Limited (RRVL).
Queue for investment: In the
last few days, queues have been started to invest in the retail business of Reliance Industries. Reliance Retail has raised a total of Rs 37,710 crore so far. The investment includes Silver Lake, KKR, General Atlantic, Mubadla, GIC and TPG companies. Let us tell you that Reliance Retail operates 12,000 stores across the country. After raising funds for Jio platforms, Mukesh Ambani’s emphasis is on retail business.
How much investment to which company
KKR, apart from the legendary tech investor company Silver Lake, also announced to invest Rs 7500 crore in Reliance Retail. Recently, it announced an additional investment of Rs 1,875 crore in Reliance Retail. In this way, Silver Lake will invest a total of Rs 9,375 crore in Reliance Retail and in return it will get 2.13 percent stake.
On the other hand, equity firm General Atlantic had announced to buy 0.84 per cent stake in the company for Rs 3,675 crore. Abu Dhabi’s Mubadla Investment Company will invest Rs 6247.5 crore in RRVL for 1.40 per cent equity. At the same time, Singapore’s sovereign wealth fund GIC has announced an investment of Rs 5512.5 crore and in return it will get 1.22% stake in RRVL. Global investment firm TPG will invest Rs 1838.7 crore and in return the company will get 0.41 per cent stake in RRVL.