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Friday, January 28, 2022

KKR-Reliance Retail Deal: Second foreigner in Reliance Retail in 15 days

  • KKR invested in RRVL at an equity valuation of Rs 4.21 lakh crore
  • KKR to get 1.28% equity, Rs 11367 crore investment in Jio platform
  • KKR buy 1.28 percent stake in Reliance Retail, deals for Rs 5500 crore

KKR-Reliance Retail Deal

After Reliance Jio, now the line of foreign investors has also started in Reliance Retail. In 15 days, another company has announced to invest in RRVL. This company name is KKR. Which has also invested in Reliance Jio earlier. After the announcement of the KKR Reliance Retail Deal, the shares of Reliance Industries are seeing a rise of more than two per cent. According to experts, there may be the entry of more foreign investors in the company in the coming days. Let’s first give you complete information about this deal.

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KKR to invest 5550 crore in RRVL

Global investor firm KKR on Wednesday announced an investment of Rs 5550 crore in Mukesh Ambani’s Reliance Retail Ventures Ltd (RRVL). KKR has invested in RRVL at an equity valuation of Rs 4.21 lakh crore. KKR will get 1.28 percent equity from the investment. Earlier, KKR has invested Rs 11367 crore in Mukesh Ambani’s Jio Platforms.

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The second investment came out in 15 days

This is the second investment in RRVL within a fortnight. Earlier on September 9, Silver Lake has invested Rs 7.5 thousand crores in RRVL for 1.75 percent equity. Mukesh Ambani’s RRVL recently acquired the Future Group for over three decades in the country’s retail business for Rs 24713 crore.

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Reliance shares jumped two percent

Reliance Industries shares are seeing a boom in the coming out of this deal. At 10 am, Reliance’s stock is trading up by 2 per cent i.e. Rs 44.25 with a gain of Rs 2255. Whereas today the opening of the stock of the company was at Rs 2275 and touched the highest level today with Rs 2276.50. At Rs 2242, the company’s stock also went down. According to experts, the market was witnessing a decline in the last four trading sessions. Today the business is on the green mark, but the pressure on the market continues.

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Source: www.patrika.com

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Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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