Mumbai: Mukesh Ambani-owned Reliance Industries Ltd has bagged another investment for its Reliance Retail Ventures from General Atlantic.
The global growth equity firm will pump in Rs 3,675 crore in Reliance Industries’ retail venture for a 0.84 per cent equity stake on a fully diluted basis.
This investment values Reliance Retail at a pre-money equity value of ₹ 4.285 lakh crore. This is the second investment by General Atlanctic into Reliance Industries following a Rs 6,598.38 crore investment in Jio Platforms earlier in 2020.
It may be recalled that Mukesh Ambani’s RIL had received Rs 7,500 crore from Silver Lake for Reliance Retail stake sale.