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5 things to know about KKR-Reliance Retail deal

This investment from KKR in Reliance Retail comes weeks after another private equity giant Silver Lake Partners had picked up a 1.75 percent stake for Rs 7,500 crore in the RIL unit.

September 23, 2020 / 11:56 AM IST

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.