Reliance Retail Ventures gets ₹5,550 crore from KKR

Our Bureau | | Updated on: Oct 15, 2020
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Reliance Retail Ventures Ltd (RRVL), a wholly-owned subsidiary of Mukesh Ambani-controlled Reliance Industries Ltd (RIL), has received the subscription amount of ₹5,550 crore from Alyssum Asia Holdings II Pte. Ltd. (KKR).

The company has also allotted 81,348,479 shares to KKR, it said in a regulatory filing.

On September 23, RRVL raised ₹5,550-crore from US-based investment firm KKR in lieu of a 1.28 per cent stake.

Reliance Retail raises ₹5,512.50 crore from ADIA subsidiary


Published on October 15, 2020

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