General Atlantic to invest ₹ 3,675 crore in Reliance Retail1 min read 30 Sep 2020, 08:31 AM IST
This marks the second investment by General Atlantic in a subsidiary of Reliance Industries
Reliance Retail has collected a combined ₹13,050 crore in the past few weeks
Reliance Industries Limited and Reliance Retail Ventures Limited announced Wednesday that General Atlantic will invest ₹ 3,675 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore. General Atlantic’s investment will translate into a 0.84% equity stake in RRVL on a fully diluted basis.