Reliance Retail raises investment worth Rs 32,000 crore in 2 months

Reliance Retail Ventures Ltd (RRVL) has been on a fund-raising spree since the past 2 months. It has raised more than Rs 32,000 crore from investors for about 7.3% stake.

Reliance Retail Ventures Ltd (RRVL) has been on a fund-raising spree since the past 2 months. It has raised more than Rs 32,000 crore from investors for about 7.3% stake.

Majority of the investments valued the Mukesh Ambani led subsidiary at Rs 4.28 lakh crore. The company has recently acquired Future Retail and is expanding its reach through JioMart.

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The most recent investment in RRVL was of TPG and GIC. The company raised Rs 1,837 crore for 0.41 per cent stake, and which Rs 5,512 crore for a 1.22 per cent stake respectively.

Earlier, Mumbai based RRVL raised Rs 6,247.5 crore from Abu Dhabi-based Mubadala Investment in lieu of a 1.4% stake. It also has global equity partner, General Atlantic in its investors list.

The initial investment deal was inked with KKR for a 1.28% stake worth Rs 5,550 crore and Silver Lake Partners for Rs 1,875 crore worth investment.