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GIC to invest Rs 5512.5 crore into Reliance Retail Ventures

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Capital Market
Last Updated : Oct 03 2020 | 9:50 AM IST
Reliance Industries and Reliance Retail Ventures (RRVL) announced today that GIC will invest Rs 5,512.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs 4.285 lakh crore. GIC's investment will translate into a 1.22% equity stake in RRVL on a fully diluted basis.

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First Published: Oct 03 2020 | 9:19 AM IST

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