KKR picks 1.28% stake in India's Reliance Retail Ventures for $750m

Global investment firm KKR & Co. will invest ₹5,550 crore into Reliance Retail Ventures Limited (RRVL) for a 1.28% equity stake. RRVL is a wholly owned subsidiary of Reliance Industries Ltd.

The investment values Reliance Retail at an equity value of ₹4.21 lakh crore, said RIL in a press statement.

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