Days after private equity giant Silver Lake Partners said that it will invest Rs 7,500 crore in Reliance Retail, American buyout firm KKR & Co has said that it will invest Rs 5,550 crore in Reliance Retail.
RIL, an oil-to-telecom conglomerate, is expanding its retail business through acquisitions and lining up a scrum of global investors to take on rivals such as Amazon India and Walmart-owned Flipkart in India’s huge market.
Here are five things to know about the deal:
1. The investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore, RIL said in an exchange filing on September 23.