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.
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