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Reliance Retail raises total Rs 32,197.50 crore
Reliance Retail Ventures Ltd (RRVL) has raised a total of Rs 32,197.50 crore from global investors in lieu of a 7.28 per cent stake. Mostly, the investments came in at a pre-money equity value of Rs 4.285-lakh crore.
The latest tranche came in late last night, with RRVL, a subsidiary of Asia’s richest man Mukesh Ambani-controlled Reliance Industries Ltd (RIL), raising Rs 7,350 crore in two back-to-back deals.
On Friday night, RRVL raised Rs 1,837.5 crore from TPG in lieu of a 0.41 per cent stake, which was immediately preceded by a Rs 5,512.5-crore funding from GIC in exchange for a 1.22 per cent stake.
While most of the investments came in at a pre-money equity value of Rs 4.285-lakh crore, the initial investments by KKR and Silver Lake deals valued RRVL at Rs 4.21-lakh crore.
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By BusinessLineReliance Retail Ventures Ltd (RRVL) has raised a total of Rs 32,197.50 crore from global investors in lieu of a 7.28 per cent stake. Mostly, the investments came in at a pre-money equity value of Rs 4.285-lakh crore.
The latest tranche came in late last night, with RRVL, a subsidiary of Asia’s richest man Mukesh Ambani-controlled Reliance Industries Ltd (RIL), raising Rs 7,350 crore in two back-to-back deals.
On Friday night, RRVL raised Rs 1,837.5 crore from TPG in lieu of a 0.41 per cent stake, which was immediately preceded by a Rs 5,512.5-crore funding from GIC in exchange for a 1.22 per cent stake.
While most of the investments came in at a pre-money equity value of Rs 4.285-lakh crore, the initial investments by KKR and Silver Lake deals valued RRVL at Rs 4.21-lakh crore.
Listen to the podcast.
Click here for more details.
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Send in a voice message: https://anchor.fm/business-line/message
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