Mumbai: Reliance Industries subsidiary, Reliance Retail Ventures Limited (RRVL), has successfully received the subscription amount of Rs 2,069.50 crore from the global investment firm KKR, RIL said in an exchange filing on Friday, adding that RRVL has also issued 1.71 crore equity shares to KKR, in accordance with the agreement.
In the face of fierce competition from Amazon, Flipkart, and Reliance, Vijay Shekhar Sharma s bet on offline-to-online commerce through Paytm Mall failed.