KKR Boosts Stake in Reliance Retail to 1.42% from 1.17%. Read more>>
In 2020, KKR invested Rs 5,500 crore in Reliance Retail, contributing to a significant fundraising effort involving global investors.
The fundraising included participation from global investors like Silver Lake, Mubadala, and General Atlantic, among others.
In August, RRVL secured Rs 8,278 crore from Qatar Investment Authority, valuing the company at Rs 8.27 trillion.
RRVL's Director, Isha Mukesh Ambani, emphasizes the deepening partnership with KKR and its impact on Indian retail transformation.
RRVL operates India's largest retail business with an extensive omnichannel network of 18,500 stores spanning various consumer categories.
KKR's Co-CEO, Joe Bae, expresses satisfaction with the extended relationship and commitment to empowering Indian retail through digitalization.