 "Reliance Retail")
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Saturday that global investment firm TPG will invest Rs 1,837.5 crore into RRVL, a subsidiary of Reliance Industries.
This investment values Reliance Retail at a pre-money equity value of Rs 4.285 trillion. TPG's investment will translate into a 0.41 per cent equity stake in RRVL on a fully diluted basis. This marks the second investment by TPG in a subsidiary of Reliance Industries, following a Rs 4,546 crore investment in Jio Platforms announced earlier this year.
This is the second investment announced in half an hour by Reliance Retail Ventures around
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