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

Sep 30, 2020 11:17 IST

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.