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Reliance Retail gets subscription amount of ₹1,837.50 crore from TPG

Our Bureau Mumbai | Updated on October 20, 2020 Published on October 20, 2020

A worker pushes trolleys outside the Reliance Market superstore in Ahmedabad (File Photo)   -  REUTERS

Allots 2.6 crore shares to TPG Asia VII SF Pte Ltd

Reliance Retail Ventures Ltd (RRVL), a wholly-owned subsidiary of Mukesh Ambani-controlled Reliance Industries Ltd (RIL), has received subscription amount of ₹1,837.50 crore from TPG Asia VII SF Pte Ltd (TPG).

Following which, the company has allotted 2.6 crore shares to TPG, RIL said in a BSE filing.

On October 3, RRVL had raised ₹1,837.5 crore from global investment firm TPG in lieu of 0.41 per cent stake. This was the second investment by TPG in a subsidiary of RIL and followed a ₹4,546.8-crore investment in Jio Platforms earlier this year.

Earlier on October 17, RRVL had received the subscription amount of ₹5,512.50 crore from Gamnat Pte Ltd and Lathe Investment Pte. Ltd. (GIC).

Also read: Reliance Retail gets ₹5,512.50 crore subscription amount from GIC

On October 3, RRVL raised ₹5,512.5 crore from global investment firm GIC in lieu of a 1.22 per cent stake.

Also Read: Reliance Retail raises ₹5,512.5 crore from GIC

Prior to that on October 15, RRVL had received the subscription amount of ₹5,550 crore from Alyssum Asia Holdings II Pte. Ltd. (KKR).

Also Read: Reliance Retail Ventures gets 5,550 crore from KKR

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Published on October 20, 2020
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