KKR invests Rs 5,550 crore in Reliance Retail for 1.28% stake

Reliance Industries on Wednesday said that private equity firm, KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures (RRVL) for a 1.28% stake. The investment values RRVL at Rs 4.21 lakh crore.

The investment in Reliance Retail by KKR comes shortly after it invested Rs 11,367 crore in Jio Platforms for 2.32% stake.