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Reliance Retail gets Rs 2,069.50 crore investment from KKR at an equity value of Rs 8.361 lakh crore, ET Retail

Reliance Retail: KKR’s follow-on investment will translate into an additional equity stake of 0.25% in RRVL on a fully-diluted basis. This, combined with its stake from its investment of ₹ 5,550 crore in RRVL in 2020, will take its total equity stake in RRVL to 1.42% on a fully-diluted basis. The previous fund-raise round by RRVL in 2020 from various global investors of an aggregate amount of ₹ 47,265 crore was done at a pre-money equity value of ₹ 4.21 lakh crore. ....

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Reliance Industries: RIL may sell 8-10% more in Rel Retail ventures to fund expansion, ET Retail

Reliance Industries is considering selling an additional 8-10% stake in Reliance Retail Ventures Ltd (RRVL) to raise funds for expansion and debt retirement before its planned IPO. The stake sale would be done in tranches over 12-15 months and is crucial for the success of RRVL s IPO, as the current valuation of $100 billion is considered too large for the market to absorb. The company aims to dilute another 7-10% equity to make the IPO size manageable. The proceeds from the stake sales will be used for store expansion and debt reduction. ....

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