Reliance Retail gets Rs5,550 cr from KKR

New Delhi, October 15

Reliance Industries Ltd (RIL) on Thursday said it has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28% stake in its retail arm. Earlier, on September 23, RIL had announced that KKR will make the investment in its subsidiary Reliance Retail Ventures Ltd (RRVL) to buy 1.28% equity stake.

“Reliance Retail Ventures Limited, a subsidiary of the company, today received the subscription amount of Rs 5,550 crore from Alyssum Asia Holdings II Pte. Ltd. (a unit of KKR) and allotted 81,348,479 equity shares to KKR,” Reliance Industries said in a regulatory filing. — PTI  

Top Stories

Covid positive report no longer mandatory for hospital admission

Covid positive report no longer mandatory for hospital admission

Suspected cases to be admitted too, says Centre

DGCI okays DRDO-drug for Covid cure

DGCI okays DRDO-drug for Covid cure

Clinical trial results have shown this molecule helps in fas...

The truth hits home

The truth hits home

BJP would be judged on Covid management, and not the Gujarat...

No fresh coronavirus cases in 180 districts in a week: Govt

No fresh coronavirus cases in 180 districts in a week: Govt

Over 18 lakh tests done in the last 24 hours

Cities

View All