Reliance Retail stake sale: General Atlantic invests Rs 3,675 crore for 0.84 per cent in RIL unit

Oil-to-telecom behemoth Reliance Industries (RIL) on Wednesday announced that US-based private equity firm General Atlantic will invest Rs 3,675 crore in its retail arm Reliance Retail (RRVL) for a 0.84 per cent stake. The latest investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore, the company said in a statement.

This is the third stake deal done by the RIL subsidiary this month after Silver Lake and KKR. This is also General Atlantic’s second investment in a RIL subsidiary. The private equity firm had earlier invested Rs 6,598.38 crore in Jio Platforms earlier this year.