Home / Markets / News / RIL gains 1% as General Atlantic to invest Rs 3,675 cr in Reliance Retail

RIL gains 1% as General Atlantic to invest Rs 3,675 cr in Reliance Retail

General Atlantic's investment will translate into a 0.84 per cent equity stake in RRVL. The deal values Reliance Retail at a pre-money equity value of Rs 4.285 trillion

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Last week, private equity (PE) firm KKR said it would invest Rs 5,550 crore in RIL's subsidiary Reliance Retail for a 1.28 per cent stake

SI Reporter Mumbai

2 min read Last Updated : Sep 30 2020 | 9:45 AM IST

Shares of Reliance Industries (RIL) advanced 1 per cent ato Rs 2,268 on the BSE in the early morning trade on Wednesday after General Atlantic, a leading global growth equity firm, said it will invest Rs 3,675 crore in Reliance Retail Ventures Limited (RRVL) for 0.84 per cent equity stake.

The stock of RIL was trading higher for the fourth straight day and has gained 4 per cent during the period. It hit a record high of Rs 2,368.80 on September 16, 2020.

"General Atlantic's investment will translate into a 0.84 per cent equity stake in RRVL. The deal values Reliance Retail

Topics : Buzzing stocks Reliance Retail General Atlantic Reliance Industries Markets

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