KKR's latest investment positions Reliance Retail as India's fourth-largest company


Reliance Retail Ventures Limited (RRVL) have announced a significant investment by global investment firm KKR, totalling INR 2,069.50 crore. This transaction values RRVL at a pre-money equity value of INR 8.361 lakh crore, positioning it as one of India's top four companies by equity value. 

 

Founded in 1976, KKR manages approximately $519 billion in assets and has a history of supporting global enterprises in technology and digital transformation. 

 

KKR's follow-on investment represents an additional equity stake of 0.25% in RRVL on a fully-diluted basis. When combined with KKR's previous INR 5,550 crore investment in RRVL in 2020, it will result in a total equity stake of 1.42% on a fully-diluted basis. 

 

RRVL has an extensive retail network and digital commerce platforms, which serves 267 million loyalty customers across various retail segments, including grocery, consumer electronics, fashion & lifestyle, and pharma. 

 

RRVL's vision is to transform the Indian retail sector, empower small enterprises, and collaborate with global and domestic companies to benefit Indian society and generate employment. 

 

Through its New Commerce business, RRVL has digitized over 3 million small and unorganized merchants, enabling them to leverage technology and a robust supply chain infrastructure.

 

KKR is also an investor in Jio Platforms Limited which is a subsidiary of Reliance Industries Limited

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