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Independence Day 2022: Nehru excluded from BJP's Tiranga ad; Congress slams 'slavery to RSS'

Independence Day 2022: Nehru excluded from BJP's Tiranga ad; Congress slams 'slavery to RSS'

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Independence Day 2022: Watch President Murmu's 5 big remarks in I-Day eve speech

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General Atlantic to invest ₹3,675 cr in Reliance Retail

Reliance Industries on Wednesday announced that private equity firm General Atlantic will invest ₹3,675 crore for a 0.84% stake in its retail subsidiary.

This investment values Reliance Retail at a pre-money equity value of ₹4.28 lakh crore.

General Atlantic had also invested ₹6,598 crore in Jio Platforms earlier this year.

Reliance Retail has collected a combined ₹13,050 crore in the past few weeks from private equity company Silver Lake Partners and US buyout firm KKR in exchange for 1.75% and 1.28% stakes, respectively.

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General Atlantic to invest ₹3,675 cr in Reliance Retail

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