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

Global investment firm KKR will invest Rs 5,550 crore in the retail arm of Reliance Industries (RIL), the Mumbai-based market heavyweight announced on Wednesday. KKR’s investment will translate into a 1.28 per cent equity stake in Reliance Retail Ventures Limited (RRVL), RIL said in a statement.

The latest investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore, the company said.

This is the second such deal in the retail-arm of RIL in as many weeks. On September 9, private equity firm Silver Lake had announced an investment of Rs 7,500 crore into RRVL.