Companies

Reliance Retail Ventures gets ₹5,550 crore from KKR

Our Bureau | | Updated on: Oct 15, 2020
image caption

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

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

COMMENTS
This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you