Article 12-09-2023 Hits: 770

India's retail allure soars with investments

Article 12-09-2023 Hits: 770

Article 12-09-2023 Hits: 770

12 September 2023, Mumbai

KKR invests Rs 2,069.50 crore in Reliance Retail Ventures Limited

This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore

KKR's follow-on investment will translate into an additional equity stake of 0.25% in RRVL on a fully diluted basis

RRVL, through its subsidiaries and associates, operates India's largest, fastest-growing, and most profitable retail business

RRVL's vision is to galvanize the Indian retail sector through an inclusive strategy serving millions of customers

Founded in 1976, KKR has approximately $519 billion in assets under management as of June 30, 2023

KKR's follow-on investment in RRVL furthers its relationship with Reliance Industries Limited

Here is a more detailed explanation of each subtitle:

This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore. This means that the total value of RRVL, before the investment, is Rs 8.361 lakh crore.
KKR's follow-on investment will translate into an additional equity stake of 0.25% in RRVL on a fully diluted basis. This means that KKR will own an extra 0.25% of RRVL after this investment.
RRVL, through its subsidiaries and associates, operates India's most extensive, fastest-growing, and most profitable retail business. RRVL is a subsidiary of Reliance Industries Limited, and it operates a wide range of retail companies in India, including grocery stores, fashion stores, and electronics stores.
RRVL's vision is to galvanize the Indian retail sector through an inclusive strategy serving millions of customers. RRVL wants to make retail more accessible and affordable for all Indians.
Founded in 1976, KKR has approximately $519 billion in assets under management as of June 30, 2023. KKR is a global investment firm that has invested in a wide range of businesses, including technology companies, retail companies, and financial services companies.
KKR's follow-on investment in RRVL furthers its relationship with Reliance Industries Limited. KKR has previously invested in Reliance Industries Limited's digital arm, Jio Platforms.