Industry Newsroom

KKR to Invest USD755m for 1.28% Stake in Reliance Industries’ Retail Unit

KKR has agreed to invest INR55.5b (approximately USD755m) in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a 1.28% stake. The investment reportedly brings Reliance Retail Ventures’ pre-money valuation to INR4.21t (approximately USD57b). In May 2020, KKR also invested USD1.5b in Reliance Industries’ Jio Platforms for a 2.3% stake. Read more